endowment contract

For purposes of this section, the term “endowment contract” includes a face-amount certificate, as defined in section 2(a)(15) of the Investment Company Act of 1940 ( 15 U.S.C., sec. 80a–2 ), issued after December 31, 1954 .


26 USC § 72(l)

Scoping language

For purposes of this section
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