IRS Section 7702: What It Is and Recent Tax Code Changes
Feb 25, 2025 · Section 7702 of the U.S. Tax Code defines what the government deems to be a legitimate life insurance contract for tax purposes.
26 U.S. Code § 7702 - Life insurance contract defined
Jan 1, 2021 · The term “ section 7702 valuation interest rate” means, with respect to any adjustment year, the prescribed U.S. valuation interest rate for life insurance with guaranteed …
A Life Insurance Policyholder’s Guide To IRS Tax Code 7702
Jan 23, 2025 · What Is IRS Tax Code 7702? IRS Section 7702 defines the requirements for a cash value life insurance policy to receive significant tax advantages.
7702 Plan: Definition, Retirement Plan Differences - business.com
Jan 5, 2026 · A 7702 plan, also called a Section 7702 plan, is a privately issued, standalone life insurance policy. Learn how it differs from typical retirement plans.
7702 Plan Explained: Benefits, Risks, and Who It's For
Dec 10, 2025 · A 7702 plan is life insurance, not a retirement plan. The term refers to cash value policies that meet IRS Section 7702 requirements for tax-advantaged treatment.
IRC 7702 Pros and Cons (2026) - McFie Insurance
Oct 31, 2025 · The term “7702” refers to Section 7702 of the Internal Revenue Code (IRC), which governs how all life insurance policies are treated for tax purposes. Some insurance agents …
7702 Account vs. 401 (k) Plans [Top Pros and Cons of Each]
Feb 26, 2025 · A 7702 account is a cash value life insurance policy that offers significant tax advantages over traditional 401 (k) plans for retirement and wealth building.
IRS Tax Code 7702 Explained: How It Affects Your Life Insurance
Tax Code 7702 is a provision in the Internal Revenue Code that establishes guidelines for what constitutes life insurance and how it's treated for tax purposes.
IRS Section 7702: Definition, Compliance, And Tax Implications
Oct 1, 2024 · IRS Section 7702 sets the criteria for determining whether a life insurance policy qualifies for tax advantages. If a policy meets Section 7702 requirements, its cash value grows …
Understanding Section 7702 - Life Insurance Plans Explained
Aug 4, 2025 · Discover the ins and outs of Section 7702 life insurance plans. Unveil the complexities and benefits of these policies in this comprehensive guide.