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see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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References in periodicals archive ?
They also expressed concern that transactions were structured to provide security for the seller's payments, which would otherwise preclude taxation under the private annuity roles.
An important result is a major new set of annuity suitability standards adopted by the Insurance Marketplace Standards Association, the one organization that has a comprehensive and national reach even though the standards apply only to its voluntary members.
1035 nor the regulations condition nonrecognition treatment upon the exchange of an entire annuity contract.
The Annuity Rescue Center, the latest in our ongoing efforts to develop educational programs and public service campaigns, helps explain how Americans can secure their futures and save billions more for retirement by exchanging high-cost traditional VAs for new no-commission, flat-fee VAs," said Ellen Turf, CEO of NAPFA.
And a fixed payout annuity is simple to understand, since there are no bells and whistles, Sondergeld said.
Both "regular brokerage account" investments and those within a variable annuity provide the investor with investment diversification and professional investment management, in exchange for a management fee.
This press release supports the promotion and marketing of this annuity rider.
Independent financial advisers and planners will increase their sales at historical rates, while banks and discount brokers are expected to continue to improve their annuity sales at their historically modest 3% to 4% per year.
97-23 that it would not issue rulings or determination letters on whether a NIMCRUT failed to function exclusively as a charitable remainder trust when a trustee, among others, could control the timing of the trust's receipt of income through the use of a deferred annuity or a partnership for the benefit of the unitrust recipient.
General Effective Date: Exchanges of property for an annuity contract after Oct.
The Pacific Life annuity that Swinton has allows her to increase her protected amount after a year.