ITB 11-17: Stock life insurance company's long-term care rider will be treated as insurance contract

Insurance Tax Bulletin

In PLR 201105001, the IRS ruled that a long-term care benefits rider added to single premium deferred fixed annuity contracts and flexible premium deferred variable annuity contracts offered by a stock life insurance company will be treated as an insurance contract under Section 7702B(b)(1).

 



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