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5 key life and health sections in the final tax bill

The new, combined version of H.R. 1, the Tax Cuts and Jobs Act bill, could cost life insurers about $22 billion over the period from 2018 through 2027.

By Allison Bell | Updated on December 18, 2017
The House Rules Committee will be meeting to package H.R. 1 for House floor action at 5 p.m. Eastern time Monday. House leaders say they hope to vote on the bill Tuesday. (Photo: Shutterstock)

The new, combined version  of H.R. 1, the Tax Cuts and Jobs Act bill, could cost life insurers about $22 billion over the period from 2018 through 2027.

Rep. Kevin Brady, R-Texas, originally proposed a version of the tax bill that would raise about $22 billion, by combining a $7 billion change in the tax rules for life insurers’ deferred acquisition cost (DAC) expenses, or spending on activities such as marketing, underwriting, and paying agents’ and brokers’ commissions, with a $14.9 billion change in life insurers’ reserving rules.

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