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To: Art Bechhoefer who wrote (123301)8/18/2002 11:18:48 AM
From: Jon Koplik  Respond to of 152472
 
Art -- there are apparently two totally different insurance schemes.

(The Barry Kaye one has still not been "disallowed). (Yet).

Also, if someone is near death, actuaries should make a $10 million policy cost about $9.99 million.

Jon.



To: Art Bechhoefer who wrote (123301)8/18/2002 1:53:44 PM
From: John Carragher  Read Replies (1) | Respond to of 152472
 
"Maybe the Treasury Dept. can argue for some tax on this transfer, but I don't think whatever they do can erase
the tax-free status of an insurance payment for loss,"

but congress can change the tax law...