Sentences with phrase «retained asset account»

When any insured person dies, the life insurance company that issued the policy may place the death benefit proceeds into a retained asset account.

The Immediate Benefit Account (IBA) is a retained asset account that offers a convenient way to access your money, earn interest and take your time to make investment decisions.

The National Association of Insurance Commissioners (NAIC) suggests you consider the following information if a life insurance company offers you a Retained Asset Account as an option to a single payment.

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.

Retained asset accounts have existed since 1982.

Not exact matches

With this discretionary investment management service, any assets contributed to an investor's account that Fidelity ® Personalized Portfolios do not elect to retain may be sold at any time after contribution.

The other is to impose trade tariffs or, what amounts to the same thing, to tax foreign purchases of US assets, especially US government bonds, in order to drive down the current account deficit and so allow the US to retain a larger share of what has become the most valuable commodity in the world: demand.

Subsequent accounts of the parent company are set up to include the retained earnings and assets at book value (subject to certain adjustments) of the acquired company.

Retain Access to Your Assets Unexpected needs arise, which is why you can withdraw portions of your account value.

IRIC points to the «increased interest in retaining assets in company sponsored DC plans instead of rolling over to an individual retirement account (IRA) after termination or retirement» as another driver of portability innovation in the near - term.

Finally, simply keeping assets in a parent or grandparent's name retains maximum flexibility to invest and spend for expenses that might not otherwise qualify for favorable treatment in tax - favored college savings accounts.

A managed account is a collection of funds, chosen by a professional asset manager, to address a specific participant's investment goals — over which the manager retains discretionary control.

Policyholders retain full control of the assets covered by the guarantee; however, the contract establishes a guaranteed stream of lifetime income if the value of the covered account is depleted through withdrawals or poor market performance.

Even though the assets are removed, you still retain full control of the account (s) and the funds — how it's invested, why and when it's withdrawn, and who receives the funds.

At the same time, they also control the assets and can retain the power to control withdrawals from the account.

It is important to retain an experienced law firm that has significant expertise with the financial issues involved in Divorce, including property division, the valuation of assets, spousal maintenance (alimony), real estate issues, cash flow schedules, balance sheet preparation, debt division, business valuation, present value calculations for pensions, the analysis of retirement accounts and various tax issues associated with Divorce.

Section 212 provides that, on the application of the official receiver, liquidator, or any creditor or contributory, a hearing may be ordered to examine the conduct of an officer of the company who may be compelled to repay, restore or account for any assets which have been misapplied or retained, or become accountable for money or property of the company.

California Governor Jerry Brown recently signed a state law that requires life insurers to receive approval from beneficiaries before keeping death - benefit payments in retained - asset accounts.