Endowment Contract

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Endowment Contract

Endowment Contract means:
a contract or agreement with an insurance company that depends in part on the life expectancy of the insured, but may be payable in full in a single payment during life. No gain or loss is recognized on the exchange of endowment contracts. Former IRC (check if this IRC provision is current here) § 1035(b)(1).

Related Entries in the American Tax Encyclopedia:

  1. Section 1256 Contract
  2. Completed-contract Method
  3. Long-term Contract
  4. Insurance Settlement
  5. Regulated Futures Contract
  6. Exchange
  7. Notional Principal Contract
  8. Contract Price
  9. Recognized Gain
  10. Baseball Player Contract Cost
  11. Annuity
  12. Commodities Futures
  13. Redemption
  14. Nonrecognition Transaction
  15. Related Party Transaction
  16. Sale and Leaseback
  17. Nonliquidating Distribution
  18. Hedge
  19. Foreclosure
  20. Transfer Incident To Divorce
  21. Life Expectancy Multiple
  22. Realized Gain
  23. Liquidation
  24. Aggregation
  25. Single Life Distributions

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