The TAM highlights certain planning considerations pertinent to preserve the benefits of the deferred annuity
If an annuitant dies before his or her deferred annuity
matures or is annuitized, is the amount payable at the annuitant's death subject to income tax?
There is a California-only class that covered California residents at least 60 years old who purchased an American Equity deferred annuity
If a deferred annuity
client does not expect to use the annuity funds during his life, then consider talking with him about a more efficient way to pass that wealth to heirs.
While the variable annuity sold well, there was still some apprehension on how to mitigate the risk of potential and substantial losses to the annuity amongst those interested in purchasing a variable deferred annuity
Now, consider a fixed deferred annuity
owner whose policy has a one-year nursing home waiver of surrender charges.
Now, we have made this popular product even better by adding a choice of death benefits that truly puts the client in the driver's seat," said Michael Harrison, Vice President, Deferred Annuity
Sales and Marketing, AIG American General.
The treatment which would apply to a deferred annuity
, if it were not used to fund such a plan, is irrelevant when the annuity is so used.
a deferred annuity
is one where annuity payments begin more than one year from the date of issue of the contract.
Available to those aged 60 to 85, the tool allows prospects to exchange their annuity for a single-premium deferred annuity
with a seven- to 15-year payout; the payments then fund a universal life insurance policy with a guaranteed tax-free death benefit that will always be larger than the value of the original deferred annuity
The tax-deferred variable annuities sold by defendants are virtually never suitable investments for tax-deferred retirement accounts because earnings on any such annuity placed in such a retirement plan are already tax-deferred, and purchase of a deferred annuity
increases costs without any material, additional economic benefit.
Because of the significant differences among the many types of deferred annuity
policies, generalizations about their effectiveness for spendthrift protection planning is difficult.