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[DOC File]Form 2454f, Standards for Prior Approval Individual Fixed ...
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The contract title may fall into several groups: single premium deferred annuity; modified single premium deferred annuity (more than one premium may be paid but premiums after the first year are not allowed); limited payment period flexible deferred annuity (premiums after the first year may be paid but not for the entire duration of the contract); and flexible premium deferred annuity. The ...
annuity contract definition

[DOCX File]VM-21: Requirements for Principle-Based Reserves for ...
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For a group of variable deferred annuity contracts that contain either no guaranteed benefits or only GMDBs (i.e., no VAGLBs), the reserve may be determined using the alternative methodology described in Section 7 rather than using the approach described in Section 3.C and Section 3.D. However, in the event the approach described in Section 3.C and Section 3.D has been used in prior valuations ...
what is a deferred annuity

[DOC File]annuity disclosure
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B. “Contract owner” means the owner named in the annuity contract or certificate holder in the case of a group annuity contract. C. “Determinable elements” means elements that are derived from processes or methods that are guaranteed at issue and not subject to company discretion, but where the values or amounts cannot be determined until some point after issue.
variable deferred annuity definition

[DOC File]Article on IRS Approving Income Deferral CRT Funded with ...
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In the 1990 ruling, the trust instrument expanded its definition of trust income to include "distributions from a life insurance or annuity contract." This provision gave clear guidance to the Trustee that only withdrawals from the annuity contract were distributable income. Because annuity withdrawals are treated for income tax purposes as being made on a last-in-first-out (LIFO) basis, any ...
deferred annuity meaning

[DOC File]Eight-Hour Annuity Training Outline
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Identify the parties to an annuity – 5% 4 20 3.5 V. How fixed, variable, and index annuity contract provision affect consumers – 20% 15% 5 80 60 14 11 VI. Qualified plans and annuities – 5% 7 20 3.5 VII. Discuss the application of income taxation of qualified and non-qualified annuities – 10% 8 40 7 VIII. Advantages and disadvantages – 8% 9 32 6 IX. Introduce sales practices for ...
deferred annuity means

[DOC File]Annuity Myths: Things Everybody Knows About Annuities
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No deferred annuity contract (variable or fixed) contains a charge for tax deferral. Some critics assert that this is simply because the charge for tax deferral is hidden. That, too, is false. The proof of this lies in the fact that in a typical fixed annuity, there are no annually recurring charges of any kind, yet a fixed deferred annuity receives precisely the same tax treatment as a ...
deferred annuity rates

[DOC File]Title 20--DEPARTMENT OF
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(1) Definition. A flexible payment deferred annuity is defined as a contract which provides for the payment of a guaranteed or variable annuity, or both, with the amount of the annuity determined not at date of issue but at the annuity commencement date and by the value at that time of the total payments made. The number of these payments are ...
single premium deferred annuity definition

[DOCX File]L E T T E R H E A D - National Association of Insurance ...
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For group annuity contracts purchased under a retirement or deferred compensation plan with multiple annuity form options available to the certificate holder, the statutory maximum valuation rate shall be based on the normal form of payout as defined in the contract or as is evidenced by the underlying pension plan documents or census file. If the normal form of payout cannot be determined ...
deferred annuity definition

[DOCX File]VM-21: Requirements for Principle-Based Reserves for ...
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For variable deferred annuity contracts that contain either no guaranteed benefits or only GMDBs (i.e., no VAGLBs), the CTE amount may be determined using the alternative methodology described in Section 6 rather than using the approach described in Sections 3.C and 3.D. However, in the event the approach described in Sections 3.C and 3.D has been used in prior valuations, the Alternative ...
annuity contract definition

Deferred annuity contract definition