E had a retirement account through an employer, which was a qualified annuity
The taxable portion of such a gift will be minimal and the grantor will be able to replace or upgrade the residence at any time during the trust term or convert the interest into a qualified annuity
2702(b), a qualified interest is (1) one that consists of a right to receive fixed amounts payable not less frequently than annually (a qualified annuity
interest); (2) one that consists of a right--payable at least annually--to receive a fixed percentage of the trust corpus's net fair market value, determined annually (a qualified unitrust interest); and (3) a right to receive a non-contingent remainder interest if all the other interests in the trust are qualified annuity
or unitrust interests (a qualified remainder interest).
AIG VALIC manages long-term, tax- qualified annuity
and mutual-fund investment plans for more than 41,000 not- for-profit and for-profit education, healthcare, public sector and other organizations.
Meaning, if your client currently owns a non qualified annuity
, he or she will need to exchange it for an eligible annuity with qualified LTC benefits to take advantage of this opportunity.
Horace Mann Life's ratings recognize its key role within HMEC and the benefits derived from HMEC's strong business franchise in the K-12 educators market and historical growth in the 403(b) tax qualified annuity
Tax advantages of a qualified annuity
exist solely through its qualification as an IRA; there is no additional tax advantage or deferral.
A transferred 11,400 shares of SCS nonvoting common stock to herself as trustee of the P qualified annuity
trust, a grantor retained annuity trust (GRAT).
The claims paying ability ratings are based on AAG's established niche in the qualified annuity
market, a consistent history of strong profitability, a solid capital position and relatively recent efforts to diversify its product offerings to include more traditional protection-oriented life products.
GAFRI has a successful niche in the qualified annuity
market, particularly in the K-12 education market.
The governing instrument of the trust must meet a number of requirements, including a prohibition on additional contributions to the trust and distributions to or for the benefit of any person other than the holder of the qualified annuity
The purchase expanded MetLife's efforts in the 403(b), 501(c) and 401(k) qualified annuity
markets and adds alternative distribution of qualified and non-qualified annuities through banks.