The insurance industry next year will be working for laws that grant annuities capital gains tax treatment and make higher retirement contributions permanent, along with other tax reform incentives. ACLI Assistant Vice President, Tax and Trade Dianne Sullivan says despite congressional action promoting retirement saving incentives, managing assets for retirement has been neglected. During the last Congress, the insurance industry introduced legislation that would provide capital gains treatment to annuities paid out over the lifetime of a beneficiary. Despite its wide support among some members of the House, the cost of the annuities plan--$10 billion to $20 billion over 10 years--may become a barrier to its approval by Congress.