Bail-Out Provision

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Bail-Out Provision

In a variable annuity, a clause stating that the annuitant can make early withdrawals without penalty if the return on the annuity falls below a certain stated amount.

References in periodicals archive ?

(103) This provides another form of the bailout provisions provided in the current form of the VRA.

A new preclearance coverage formula: renewing the promise of the Voting Rights Act

The Irish Government is opposing the challenge to Ireland's corporation tax rates in exchange for reform of the EU bailout provisions agreed to by Fianna Fail in the final months of the previous government.

Irish Government corporation tax to be supported by Ryanair

Gerald Hebert, An Assessment of the Bailout Provisions of The Voting

The Voting Rights Act's secret weapon: pocket trigger litigation and dynamic preclearance

Following the Senate passage of its bailout provisions, NCUA Board Chairman Michael Fryzel said, "Today's Senate approval of NCUA's Corporate Credit Union Stabilization Fund and accompanying provisions such as increased borrowing authority, is an unmistakable affirmation by lawmakers that the credit union industry can and will take care of its own problems."

Single federal regulator could increase credit union strategic options

Limitations of loss carryforwards: For businesses that have ownership changes under a restructuring plan required by a Treasury loan agreement or line of credit under the bailout provisions of the Emergency Economic Stabilization Act, P.L.

Numerous tax provisions in Stimulus Act

More insidiously, this legislation was passed because most attention was focused on the much larger financial bailout provisions. It took a shifty Senate move to fold disparate legislative pieces together.

Parity's poison pill

Examples include the guaranteed minimum withdrawal benefit and guaranteed lifetime withdrawal benefit in variable annuities; the accelerated benefits features now common to many life policies, triggered by long term care and/or terminal illness; the commutation features in newer lifetime income policies; and the bailout provisions in some fixed annuities.

Don't play footsie with withdrawal features

The Minnesota Department of Commerce last year became concerned with certain GIC bailout provisions that allowed holders of contracts to turn them in before the scheduled maturity date without the kind of penalty or adjustment that would normally occur.

Proceed With Caution

In 1982, Congress changed the bailout provisions of the Voting Rights Act to provide incentives for jurisdictions to seek a bailout.

City of Fairfax obtains Voting Rights Act bailout: first in the nation to win approval

Question--Do the bailout provisions found in some single premium life insurance policies make them good short-term investments?

Chapter 14: Single premium life insurance

Another method is to choose annuities with bailout provisions and other guarantees.

Fixed annuities: the opaque financial product

The NAIC's review of what has been referred to as "bailout provisions" for investors in the event of a rating downgrade also includes funding agreements sold to money-market funds and other institutional investors.