Sentences with phrase «other annuity contracts»

A large majority (70.2 percent) of the current Social Security recipient households receive at least three - quarters of their income in annuities from Social Security, employer - provided pensions, and other annuity contracts.

[31] Therefore, from June 9, 2017, until January 1, 2018, insurance agents, insurance brokers, pension consultants and insurance companies will be able to continue to rely on PTE 84 - 24, as previously written, [32] for the recommendation and sale of fixed indexed, variable, and other annuity contracts to plans and IRAs, [33] subject to Start Printed Page 16917the addition of the Impartial Conduct Standards.

Not exact matches

PTE 84 - 24 [29] is a previously granted exemption for transactions involving insurance and annuity contracts, which was amended in April 2016 to include the Impartial Conduct Standards as conditions and to revoke relief for annuity contracts other than «fixed rate annuity contracts.»

Variable annuities offered by other companies usually offer either a buffer or a floor, but few offer both options in the same contract as Capital Choice does, Carlson said.

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guarantees, and administrative costs.

While there are many different checkpoints for selecting the right annuity for you, this article presents three key tips that can help get you started by finding the right life insurer, understanding how your contract is protected under the State Guaranty Association, and asking about fees and other sales charges before you buy a contract.For more information, visit the Protective Life Learning Center.

However, we strongly encourage you to seek independent advice when making charitable gifts of annuities, securities, property, life insurance, wills, trusts, contracts and other legal agreements.

The prospectus contains the investment objectives, risks, fees, charges and expenses, and other information regarding the variable annuity contract and the underlying investments, which should be considered carefully before investing.

Time was, when a company wanted to stop selling a variable annuity, it could «Great - West» the product, she recalls, meaning if the carrier sold no more than 5,000 contracts total (among other conditions), it would not have to update the product registration statement.

The benefits to be provided to program participants must be provided through contracts, including individual contracts or individual certificates issued for group annuity or other contracts, which may be fixed, variable, or both, in accordance with s. 403 (b) of the Internal Revenue Code.

The extent of the company's experience in providing annuity or other contracts to fund retirement programs.

Each Florida College System institution may implement an optional retirement program, if such program is established therefor pursuant to s. 1001.64 (20), under which annuity or other contracts providing retirement and death benefits may be purchased by, and on behalf of, eligible employees who participate in the program, in accordance with s. 403 (b) of the Internal Revenue Code.

A variable annuity, like ALL other annuities, offer a guaranteed payment of income for the life of the annuitant (who may be different from the contract owner).

Notably, a life insurance contract can be rolled into an annuity but NOT the other way around.

The prospectus contains investment objectives, risks, fees, charges, expenses, and other information regarding the variable annuity contract and the underlying investments, which should be considered carefully before investing money.

For a prospectus containing this and other information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor for a contract prospectus and prospectus for the underlying funds.

Under the terms of our annuity contracts currently being issued, if the annuity contract is owned by an individual other than the annuitant, no death benefit is payable in the event of the annuitant's death.

The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guarantees, and administrative costs.

The 1099 - R, however, is issued to report the distributions you receive from a pension, annuity, IRA, insurance contract and other retirement accounts.

To fully understand annuities, the first important aspect to note is that, just like other insurance products, regardless whether we're talking about convertible term life insurance, whole life insurance, universal life insurance, etc., annuities are a contract between the policy owner and the insurance company.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

The court defined an annuity as «a sum paid yearly or at other specified intervals in return for a payment of a fixed sum by an annuitant» and that the «annuity itself is the totality of the payments to be made under the contract».

The prospectus, which contains this and other information about the variable annuity and variable universal life contract and the underlying investment options, can be obtained from your financial professional.

The prospectus, which contains this and other information about the variable annuity contract and the underlying investment options, can be obtained from your financial professional.

Once you begin receiving payments, most annuity contracts do not allow money to be paid to your heirs, other than your designated joint - life beneficiary, in the event of your death.

Beyond the basic fees are the charges incurred each year if the annuity owner decides to add other benefits or features to the variable annuity contract.

The investor also loses optional death benefits, contract value at death (depending on the timing of the election and contract terms the contract value could be realized over a specified period of time) and most other features purchased with the annuity.

And because any growth in your annuity value is generally not taxed until you take money out of the contract, the combination of tax deferral and the ability to establish guaranteed income can be an effective way to plan for retirement and other long term goals.

While there are many different checkpoints for selecting the right annuity for you, this article presents three key tips that can help get you started by finding the right life insurer, understanding how your contract is protected under the State Guaranty Association, and asking about fees and other sales charges before you buy a contract.For more information, visit the Protective Life Learning Center.

You may name beneficiaries in your will, insurance policy, retirement plan, annuity, trust or other contracts.

During your free annuity «checkup,» we'll compare fees and other expenses, calculate your potential savings, and see if your contract is eligible for a 1035 exchange — a tax - free transfer from one company to another.

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guaranteees, and administrative costs.

An annuity contract that is purchased to fund a 403 (b) plan should be done so for the annuity's features and benefits other than tax deferral.

An annuity contract that is purchased to fund an employer - sponsored retirement savings plan should be done so for the annuity's features and benefits other than tax deferral.

An annuity contract used to fund this qualified employer - sponsored retirement arrangement should be purchased for its features and benefits other than tax deferral.

The cash value of an annuity account is set by the contract, similar to the cash value accumulation and life insurance, and varies between a fixed index annuity on one end of the spectrum AND a variable annuity on the other end.

Some annuity contracts offer a death benefit, while others do not.

Posts focus on key legal issues related to ERISA fiduciary rules, 403 (b) contracts, annuities in 401 (k) plans, and other retirement products and services.

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

We provide a full range of legal and regulatory services to insurance companies, broker - dealers and service providers relating to the design, marketing, and sale of variable insurance products, individual and group annuities, fixed indexed annuities, market - value - adjustment products, synthetic annuities, BOLI, funding agreements, stable value wrap contracts, and other innovative products.

Tax and ERISA Including a broad range of matters related to qualified and non-qualified retirement plans, health and other welfare benefit plans, annuities and IRAs, including the tax qualification of annuities and life insurance contracts; and representing clients before the Internal Revenue Service and the Department of Labor.

Our experience encompasses a wide range of ERISA claims, including individual life, disability and AD&D benefits, class actions, fiduciary obligations, revenue sharing, retained asset accounts, health plans, stock drop cases, pension funds, severance benefits, plan administration, cost of living adjustments, IRA plans, incentive compensation and annuity contract premiums, among many others.

And because any growth in your annuity value is generally not taxed until you take money out of the contract, the combination of tax deferral and the ability to establish guaranteed income can be an effective way to plan for retirement and other long term goals.

A beneficiary is an individual, institution, trustee, or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, trust, annuity, or other contract.

While there are many different checkpoints for selecting the right annuity for you, this article presents three key tips that can help get you started by finding the right life insurer, understanding how your contract is protected under the State Guaranty Association, and asking about fees and other sales charges before you buy a contract.For more information, visit the Protective Life Learning Center.

An annuity is simply a contract where one party agrees to make either a single payment or a series of payments, and the other party then agrees to do the same in return at some point in the future.

In Indian context, an annuity is a contract between two parties, one being the insurance company and the other being the buyer (i.e., you).

«(B) for mortality, expense, or other reasonable charges incurred under an annuity or life insurance contract;».

The cost for early termination of your life insurance policy, annuity contract or other investment.