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Tax Policy: Mortality Charges on Single Premium Life Insurance Should Be Restricted

GGD-88-95 Published: Jun 14, 1988. Publicly Released: Jun 14, 1988.
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Highlights

Pursuant to a congressional request, GAO examined: (1) tax policy issues arising from life insurance companies' use of excessively high mortality charges to increase premiums; and (2) ways to change the tax status of investment-oriented life insurance.

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Insurance companiesInsurance premiumsInsurance regulationInvestmentsLife insuranceMortalityPersonal loansProposed legislationTax exempt statusTax lawTax shelters