From A Taxman Lens: Life Insurance Policy Vis-à-vis Annuity – The Modern-day Conundrum – Insurance Laws and Products
Introduction Insurance industry has been in existence since the 12th century, but the last century has witnessed widescale adoption among the general masses. With the growth of the insurance industry, life insurance policies as well as annuities in the modern-day have come to be developed as highly complex products, so much so that both products…