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.

Sep 2, 2025 · A 7702 plan, also called a Section 7702 plan or 7702 account, is a cash-value life insurance policy that meets the requirements of Section 7702 of the U.S. tax code — …

Jan 23, 2025 · All cash value life insurance policies are subject to tax code 7702. That includes whole life, universal life, indexed universal life and variable universal life.

I.R.C. § 7702 (c) (3) (B) (i) — reasonable mortality charges which meet the requirements prescribed in regulations to be promulgated by the Secretary or that do not exceed the …

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 …

Dec 12, 2025 · Read Section 7702—Life insurance contract definied—from the Internal Revenue Code of 1986 on Tax Notes. Access and review the full-text code on this page.

Dec 13, 2025 · Understand the crucial tax law (7702) that prevents life insurance from being used solely as a tax-sheltered investment vehicle. The Internal Revenue Code Section 7702 …

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 …

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. This code influences how …

Jul 20, 2025 · Discover the ins and outs of tax code 7702, a crucial tool for understanding life insurance policies. This comprehensive guide unveils the code's impact, offering insights into …