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

