Insurance solutions—more broadly referred to as risk transfer—that are parametric in design have become a common point of conversation between insurance buyers and their risk advisors when discussing ...

The Internal Revenue Service updated guidance Monday to stipulate that the adjusted basis of a life insurance contract doesn't need to be reduced by the cost of insurance, in accordance with... To ...

Sections 1011 and 1012 of the Code provide that the adjusted basis for determining gain or loss is generally the cost of property adjusted as provided in § 1016, except as otherwise provided in ...