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ASK THE EXPERTS
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Grandfathered Life Insurance Contracts in 403(b) Plans“I work for an Employee Retirement Income Security Act (ERISA) 403(b) plan sponsor. In a review of some frozen contracts to which contributions are no longer made, I discovered what appear to be some life insurance contracts. I am confused—I thought life insurance was no longer permitted in 403(b) plans! Is there some grandfathering of old contracts about which I should be aware?”Read more > |
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