H.R. 99 — To amend the Internal Revenue Code of 1986 to provide for the tax treatment of accelerated death benefits under life insurance contracts.

Summary

Amends the Internal Revenue Code to exclude from gross income as death benefits amounts received under a life insurance contract for certain terminally ill individuals.

Allows insurance companies to issue accelerated death benefit riders on life insurance contracts.

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Legislative Actions

1995-01-04
Introduced in House
1995-01-04
Introduced in House
1995-01-04
Sponsor introductory remarks on measure. (CR E13)
1995-01-04
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to provide for the tax treatment of accelerated death benefits under life insurance contracts.

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Summary

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