For the deferred annuity
option, the relevant period is 10 years.
Jones has chosen five investment subaccounts from among those available in his variable deferred annuity
. He has directed that each premium payment (after deduction for contract charges) be allocated to these accounts as follows:
Allianz Life's Allianz 222 Annuity indexed annuity was the best-selling product in both the indexed annuity and non-variable deferred annuity
for overall sales during the quarter.
This can help determine if an immediate or deferred annuity
should be positioned.
Recently, the IRS has also issued a Private Letter Ruling allowing the beneficiary of an inherited deferred annuity
to do an IRS Section 135 tax free exchange from an older, inherited annuity to a more contemporary contract offering better terms than the older contract.
Client could purchase a "non-qualified SPIA" as part of a section 1035 exchange from an existing non-qualified deferred annuity
currently worth $200,000.
For example, Question 353 provides a general description of an annuity product and differentiates between the treatment of an immediate annuity contract and a deferred annuity
Panama City, Panama, October 31, 2012 --(PR.com)-- Lloydshare Limited continues to add its presence on the Pacific Coast of Mexico by announcing Marival Vacation Club as one of its most recent Host Resorts to promote the Vacation Ownership linked Deferred Annuity
financial product to vacation membership clients.
The association is also to meet Bank Negara Malaysia and the Finance Ministry on the 2013 Budget proposal to remove investment income tax on deferred annuity
, and the introduction of new group insurance schemes.
Prior to this ruling, there was a concern that the spousal consent requirement might apply to a 401(k) participant who invested in a deferred annuity
. The ruling clarifies the situations in which spousal consent will not be required before the annuity begins, thereby eliminating another obstacle for plan sponsors who want to use deferred annuities.
Client transfers cash to the trustee of the trust who purchases a deferred annuity
contract with the estate owner as the annuitant.