Are Life Settlements Taxable?

On May 1, 2009, the IRS issued two revenue rulings, 2009-13 and 2009-14, to clarify the income tax treatment to the surrender, sale and purchase of life insurance policies.

Ruling 2009-13 provides guidance to policyholders who surrender or sell their life insurance contracts. For more information, visit the IRS website.

Quantum Life Settlements strongly recommends consulting your tax advisor for more information.