Sentences with phrase «exempts viatical settlements»
1995: Legislation passes that exempts viatical settlements and accelerated death benefits from federal income tax.
https://www.insure.com/ Not exact matches
The right of a judgment debtor to accelerate payment of part or all of the death benefit or special surrender value under a life insurance policy, as authorized by paragraph one of subsection (a) of one thousand one hundred thirteen of the insurance law [* see below], or to enter into a viatical settlement pursuant to the provisions of article seventy - eight of the insurance law, is exempt from application to the satisfaction of a money judgment.