Can Life Insurance be Used in a Section 403b Tax Deferred Annuity Plan?

Life insurance can be provided as an incidental benefit under a tax deferred annuity plan. It is provided on much the same basis as in a qualified profit sharing plan and subject to the same limits. Covered employees will have Table 2001 (formerly P.S. 58) costs to report as taxable income, as in a regular qualified plan.

Reproduced with permission.  Copyright The National Underwriter Co. Division of ALM

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