Owner Driven Annuity Contracts

•“Owner-Driven” •ALL contracts issued since 1/18/85 are •NQ Annuity Owned By Owner’s RLT •Where’s the Benefit? • 72(u)(1) –Is Trust the “agent of a natural person”? •Primary Annuitant deemed to be “holder ... Read Full Source

Eight-Hour Annuity Training Outline - California
Distinguish the rights of the annuity owner in annuitant-driven contracts B. Describe the rights and obligations of the annuitant 1. Identify the entities eligible for the role of annuitant 2. Distinguish the role of annuitant in owner-driven contracts ... Access Full Source

The Highlights
Owner-driven vs. annuitant-driven With regard to when a death benefit will be paid, there are two types of deferred annuity contracts. Annuitant-driven contracts will pay a death benefit upon the death of the primary annuitant1. ... Content Retrieval

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The CBA and NBA entered into an agreement whereby CBA players would be signed to 10-day NBA contracts for $10 million. He says that the league will now operate as a single-owner entity, and the CBA will with the sunroof opened, was driven to mid-court and the fan who threw his ... Read Article

8-2013turning65-annuitycontractownership_chadwick.ppt
* There are two types of annuity contracts. There is the owner-driven contract and the annuitant driven contract. For the purpose of this class, we will focus on the annuitant driven contract and the characteristics of nonqualified deferred annuities. ... Read Full Source

Learn About annuities.
Common structures for owner-driven, nonqualified annuity contracts.1 Recognize, however, that this chart offers only general guidelines. You should consult a qualified tax advisor to identify the options available to you under a ... Access Doc

Slide 1
There are two types of annuity contracts. There is the owner-driven contract and the annuitant driven contract. For the purpose of this class, we will focus on the annuitant driven contract and the characteristics of nonqualified deferred annuities. ... Retrieve Doc

LTT05 06AnnuityKCfinal052506 - James T. Gentry, CFP®, ChFC ...
There are two types of deferred annuity contracts: annuitant-driven contracts and owner-driven contracts. An annuitant-driven contract is often an older contract whose contractual benefits (e.g., enhanced death benefit) are paid upon the death of the ... Access Full Source

Annuity Store
Allianz annuity contracts provide that the surviving joint owner is deemed to be the primary beneficiary. Thus, if a married couple Bottom line: Owning an owner-driven annuity jointly with someone allows clients to take advantage of the ... View Doc

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Annuities - Overview Of Annuities - Advantages And ...
An annuity is a contract between the buyer and an insurance company. In general, the insurance company promises to do something with the buyer’s money. This page should serve as a general overview of annuities. After you understand the concept you can look into the various annuity types. ... Read Article

Non-Qualified Annuity Ownership, Annuitant, And Beneficiary ...
That these contracts also pay a benefit when the owner dies because federal law mandates proper annuity planning. Using an owner-driven annuity likely mitigates this result because the annuitant isn’t truly an active party to the contract. ... View Full Source

Page 1 of 4 Imeriti, Inc. rev. 10.11.2010 Owner and Annuitant – Joint – Information for Non-Qualified Annuities 1 Company Joint Owner Joint Annuitant Owner Driven ... Document Retrieval

CALIFORNIA 8-HOUR ANNUITY TRAINING - BestEd.com | Insurance ...
Owner-Driven- All annuity contracts are currently "owner-driven" in the sense that, under current law, the death of an owner requires a payout of an annuity, regardless of whether an annuitant is alive. ... Get Doc

New Book Cover
Owner-driven contracts, the annuity remains in force if the annuitant dies. The owner must name a new annuitant, or the contract may specify that the owner also becomes the annuitant. BENEFICIARIES ... Doc Retrieval

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Annuity Structure Case Study: Owen & Annie
They would like to do a 1035 exchange of their present owner-driven annuity for a new annuitant-driven contract. They would like the new annuity to be structured as follows: annuity contracts to ensure 1035 exchanges achieve intended results. (Continued) ... View Doc

FOCUS ANNUITIES Fixed Annuity Trends: Distribution Matters
New contracts are more likely to be owner-driven as opposed to annuitant-driven. (The owner-driven annuities should design a new annuity that isn’t owner-driven, as these contracts are easier to understand, provide more flexibility to ... View Full Source

Properly Structuring Nonqualified Annuities
Some commonly used structures for owner-driven, nonqualified annuity contracts. 1 Although this chart only offers general guidelines, 1 With owner-driven contracts, payment of death proceeds is triggered by death of owner. ... Read Document

IV How Fixed, Variable, And Index Annuity Contract Provisions ...
Owner-Driven- All annuity contracts are currently "owner-driven" in the sense that, under current law, the death of an owner requires a payout of an annuity, regardless of whether an annuitant is alive. ... Read Document