24 Oct 2025

Accounting Today: October 2025 – OBBBA and the repurposing of life insurance portfolios

The One Big Beautiful Bill Act permanently removed federal estate taxes for estates under $15 million ($30 million for couples). This major change impacts ultra-high-net-worth individuals who previously set aside up to 45% of their assets to cover these taxes, often using life insurance as a funding tool.

In the article below, written for Accounting Today, I discuss how the OBBBA might impact life insurance portfolios.

AT-OBBBA-and-the-repurposing-of-life-insurance-portfolios-102025