TY - JOUR T1 - Taxation of Life Settlements for Policyholders and Investors: <em>An Updated Primer</em> JF - The Journal of Structured Finance SP - 77 LP - 82 DO - 10.3905/JSF.2009.15.2.077 VL - 15 IS - 2 AU - Brian T Casey AU - Kirk Van Brunt Y1 - 2009/07/31 UR - https://pm-research.com/content/15/2/77.abstract N2 - The taxation of life insurance is a subject encompassing a wide range of lengthy and complicated tax rules. Life settlements add an additional layer of difficulty. This article provides a basic primer on the U.S. income taxation of life settlements from the perspective of both the original policyholder who sells a life insurance policy in a life settlement transaction and the investor who purchases a life insurance policy, either from its original policyholder or from another secondary life insurance market owner of the policy. Two recent revenue rulings issued by the Internal Revenue Service (IRS) both complicate and simplify this topic.TOPICS: Financial crises and financial market history, legal and regulatory issues for structured finance ER -