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[PDF File]Annuity Answer Booklet - The Standard
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Annuity Definition An annuity is an insurance contract . This contract is created when an individual makes a payment (or a series of payments) called premium, which will generally grow at a set rate and in a tax-deferred status . In return for this premium, the insurer guarantees periodic payments back to the individual, either beginning

[PDF File]What is an Annuity? - VALIC | The Variable Annuity Life ...
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Immediate annuity – This type of annuity begins paying a benefit very soon, usually within 30 days to one year after it is purchased, and usually requires a lump sum payment. Indexed annuity – This is a fairly new product in the annuity market. Indexed annuities pay an

[PDF File]Flexible Premium Deferred Annuity - The Standard
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The Flexible Premium Deferred Annuity is available for purchase as an IRA, 403(b) Tax-Sheltered Annuity or other tax-qualified plan. If purchased as a tax-qualified contract, the IRS Required Minimum Distributions (RMDs) attributable to the account value of the annuity will be distributed without the assessment of a surrender charge.

[PDF File]A comprehensive guide Accounting for certain life insurance ...
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As life insurance and annuity products continue to evolve and new product features are developed, entities need to carefully evaluate how to classify and account for them. For many years , annuity and life insurance contracts were either (1) fixed contracts offered through an insurer’s general account that provided a

[PDF File]Annuities
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definition of fiduciary to cover a broader group of entities, including a larger set of insurance agents, brokers, and insurers. The NAIC Annuity Disclosure Model Regulation establishes standards for the disclosure of certain information about annuity contracts to protect consumers and foster consumer education.

[PDF File]Guaranteed Interest Account - Vanguard - Retirement Plans
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Guaranteed Interest Account New York Life Insurance Company STALE AUE The Guaranteed Interest Account ( GIA ) is a general account group annuity contract seeking to provide a low-risk, stable investment option. The GIA o ers participants competitive yields and limited volatility, with a guarantee of principal and accumulated interest. Invs of A

[PDF File]Buyer's Guide to: Fixed Deferred Annuities
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insurance nor a health insurance policy. It’s not a savings account or a savings certificate. You shouldn’t buy an annuity to reach short-term financial goals. Your value in an annuity contract is the premiums you’ve paid, less any applicable charges, plus interest credited. The insurance company uses

[PDF File]The Language of Variable Annuities glossary (PDF)
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A tax-free exchange of an existing variable annuity contract for a new variable annuity contract that should be beneficial to the contract owner. The new contract may offer new, more appropriate, or lower cost features more suitable for the client. Surrender charges may apply. Account value The amount of money in the underlying annuity subaccounts.

[PDF File]BalancedAllocation Annuity - USA Benefits Group
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The BalancedAllocation Annuity™ is a single premium indexed deferred annuity that enables your money to grow on a tax-deferred basis. This can be a benefit because you do not have to pay taxes on the interest credited to an annuity until it is actually withdrawn or distributed to you. That means your money may grow faster in an annuity than it

[PDF File]Annuities Due (Simple and General) - George Brown College
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Annuities Due (Simple and General) Annuities due are a type of annuity where payments are made at the . beginning. of each payment period. For example, when paying rent, the rent payment (PMT) is due at the beginning of each month. Some . keywords. to look for: - deposits/payments made at the beginning of each month

Annuity account definition