Variable annuities purchased outside of the workplace can also be rolled over to anotherqualified annuityvia a1035 exchange. This is a non-taxable transfer often used to gain access to a new annuity contract with different investment options, better riders, or lower expenses. As long as the fu...
Exchanges for Other Annuity Contracts Instead of cashing in a variable annuity in order to buy one with better terms (such as lower annual fees) and paying tax at that time on any increase over your investment,you can transfer to another contractin what is called a1035 exchange. The exchange...
A variable annuity is an insurance contract which allocates your money in stock or bond portfolios. As with every annuity, during the accumulation phase, your account grows on a tax deferred basis. When considering whether to invest in a variable annuity as part of your retirement plan, you ...
So… I talked to our UBS financial advisor to see about converting to Variable Annuity (still trying to figure out what that is). They, however, are recommending exchanging the NWM policy for a 1.8M paid up VUL policy from Lincoln and purchasing term insurance. Is a paid up VUL + term...
An exchange of an existing annuity for a new annuity may be the only way a salesperson can generate additional business. However, the new variable annuity may have a lower contract value and a smaller death benefit. You should exchange your annuity only when it is better for you and not ju...
EXHIBIT 99-B.8.2 MARKETING AND SERVICES AGREEMENT filed by Variable Annuity Account I of Aetna Insurance Co of America on March 4th, 1996
A variable annuity (VA) is a tax-deferred and unit-linked insurance product, which provides various forms of guarantee riders to investors by allowing equity participation in a collective investment. With a variable annuity, investors make payments until their retirement and then begin receiving regul...