Last week, a major piece of tax legislation was passed by Congress and signed into law by the President. Formally known as H.R. 1, “An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018” (“Tax Cuts and Jobs Act”), it contains provisions that impact both individuals and businesses. This edition of Advanced Markets Insights & Ideas is the first of many communications about this legislation. It provides an overview of some of the major changes under the new law and planning opportunities involving life insurance. Read more.