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The final regulations will amend regulations under sections 101 and 6050Y (T.D. 9879) published in the Federal Register (84 FR 58460) on October 31, 2019 (2019 final regulations).  The 2019 final regulations provide guidance on transfers for value and reportable policy sales of interests in life insurance contracts and payments of reportable death benefits and associated information reporting requirements.  In response to public inquiries on certain aspects of the 2019 final regulations, the final regulations will provide relief for (1) certain exchanges of life insurance contracts qualifying for nonrecognition of gain or loss under section 1035 and (2) certain acquisitions of interests in life insurance contracts in transactions qualifying as corporate reorganizations.