H.R. 4150 would amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments by excluding from income a portion of such payments.

== Detailed Summary ==

<summary>
(Log inLifetime Pension Annuity for You Act of 2007 - Amends the Internal Revenue Code to: (1) allow an exclusion from gross income for up to edit the wiki50% of lifetime income payments from certain annuity contracts; (2) exclude longevity insurance benefits from employee benefit plan minimum distribution requirements; and be the first to provide(3) allow a detailed summarytax exclusion for amounts received as an annuity under any portion of the bill!)an annuity, endowment, or life insurance contract.
</summary>

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== Status of the Legislation ==

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Latest Major Action: 11/9/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
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== Points in Favor ==

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== Points Against ==

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