1. Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    At this point in time the ACA (obamacare) does not involve life insurance. That is not to say that at some point in the future life insurance may be tapped for taxes on the inside buildup of cash values to help pay for the ACA which is turning out to be an extremely expensive undertaking. The cash values of life insurance have always had tax favored treatment during the build up phase. So far, those dollars have escaped those in government who seek revenues to fund their projects.

    So it is possible that in the future Obamacare will effect life insurance, but more as a revenue source tax wise.
    Answered on April 7, 2013
  2. J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    No. The Affordable Care Act (aka ObamaCare ) is on health insurance only. It won't affect life insurance, auto insurance, home owners insurance or anything other than health insurance.

    Long term if it causes a lot of frustrated people to jump off bridges or tall buildings it could eventually have an impact on life insurance rates. But so far that frustration has been mainly found in business owners and health insurance agents and has not affected the general public.

    We will have to see how things go in 2014 to see if it is truly an AFFORDABLE Care Act.
    Answered on April 7, 2013

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