Sold Out
Book Categories |
Dedication | iii | |
Acknowledgements | v | |
About the Author | vii | |
Chapter 1 | The Definition of an Annuity | 1 |
What Is An Annuity? | 3 | |
What Is A "Nonqualified" Annuity? | 5 | |
The Annuity's Unique Feature | 5 | |
Who Purchases Annuities? | 8 | |
The Time Line of an Annuity | 9 | |
The Accumulation Phase | 9 | |
The Annuitization Phase | 10 | |
Other Types of Annuities | 10 | |
Chapter 2 | The Parties to an Annuity | 13 |
The Owner | 14 | |
The Annuitant | 16 | |
The Beneficiary | 18 | |
The Insurance Company | 20 | |
Chapter 3 | Standard Annunity Contract Provisions | 23 |
Bailout Provisions and Rates | 24 | |
Charges and Fees | 25 | |
Fixed Annuities | 25 | |
Variable Annuities | 26 | |
Dollar Cost Averaging | 27 | |
Interest Rates | 28 | |
Fixed Annuities | 28 | |
Variable Annuities | 30 | |
Issue Ages | 31 | |
Maximum Ages for Benefits to Begin | 31 | |
Nonqualified Annuities | 31 | |
Other Annuities | 32 | |
Nursing Home Waiver | 32 | |
Premium Payments | 33 | |
Settlement Options | 34 | |
Life Annuity | 35 | |
Life With Period Certain Guarantee | 36 | |
Refund Life Annuity | 37 | |
Joint and Survivor Life Annuity | 37 | |
Fixed Period Annuity | 39 | |
Fixed Amount Annuity | 39 | |
Interest Income | 40 | |
Surrender Charges | 40 | |
Withdrawals | 43 | |
Partial Surrender | 43 | |
Full Surrender | 44 | |
10% Per Year Withdrawal | 44 | |
Systematic Withdrawal Option | 45 | |
Loans | 46 | |
Chapter 4 | The Various Types of Annuities | 47 |
Single Premium Annuities | 47 | |
Flexible Premium Annuities | 51 | |
Fixed Annuities | 52 | |
Equity-Indexed Annuities | 54 | |
Variable Annuities | 54 | |
Assumption of the Investment Risk | 55 | |
The Investment Options--The Variable Accounts | 56 | |
The Investment Options--The Guaranteed Acount | 59 | |
Transfers Among Investment Accounts | 61 | |
Automatic Rebalancing | 63 | |
Benefit Payments From Variable Annuities | 64 | |
Fixed Annuity Benefit Payout | 64 | |
Variable Annuity Benefit Payout | 65 | |
Variable Annuity Death Benefit | 67 | |
Immediate Annuities | 68 | |
Deferred Annuities | 69 | |
Charitable Gift Annuities | 71 | |
Private Annuities | 73 | |
Chapter 5 | The Newest Annuity--The Equity-Indexed Annuity | 77 |
Introduction--What is an Equity-Indexed Annuity? | 78 | |
Advantages and Disadvantages | 78 | |
How Does the Indexing Work? | 81 | |
Typical EIA Contract Features | 85 | |
Cap Rate | 85 | |
Death Benefit | 86 | |
Fees and Expenses | 86 | |
Indexing Methods | 87 | |
Maximum Issue Ages | 87 | |
Minimum Guaranteed Interest Rate | 87 | |
Minimum Premiums | 88 | |
Partial Withdrawal Provisions | 88 | |
Participation Rate | 89 | |
Policy Loans | 90 | |
Policy Term | 90 | |
Settlement Options | 92 | |
Surrender Charges | 92 | |
Surrender Provisions | 93 | |
Vesting Schedules | 93 | |
How is an EIA Used? | 94 | |
Who Can Sell EIAs? | 96 | |
Chapter 6 | The Uses of Annuities | 99 |
Retirement Planning | 99 | |
Other Retirement Planning Vehicles | 101 | |
Individual Retirement Arrangements | 102 | |
Qualified Retirement Plans | 104 | |
Tax Sheltered Annuities | 105 | |
Charitable Planning | 106 | |
Gift of an Annuity | 106 | |
Charitable Gift Annuity | 107 | |
Charitable Trusts | 108 | |
Charitable Remainder Trusts | 108 | |
Charitable Lead Trusts | 110 | |
Pooled Income Funds | 110 | |
College Funding | 111 | |
Business Planning | 114 | |
Retirement Planning | 114 | |
Nonqualified Deferred Compensation Plans | 116 | |
Sale of a Business | 116 | |
Bonus Plan | 118 | |
Alternatives to Annuities | 119 | |
Bank Savings Account | 119 | |
Certificates of Deposit | 120 | |
Mutual Funds | 121 | |
Chapter 7 | Income Taxation of Annuities | 123 |
Premiums | 123 | |
Cash Value Build-up | 124 | |
Natural Persons | 124 | |
Nonnatural Persons | 124 | |
Loans and Assignments | 126 | |
Partial Withdrawals | 127 | |
Contract Surrender Charges | 127 | |
10% Premature Distribution Penalty Tax | 128 | |
Taxation of Withdrawals | 130 | |
Multiple Annuity Contracts | 133 | |
Effect of a Tax Free Exchange | 133 | |
Complete Surrender of the Annuity | 133 | |
Exchanges--Section 1035 | 134 | |
Gift of an Annuity | 137 | |
Sale of an Annuity | 139 | |
The Seller | 139 | |
The Purchaser | 140 | |
Taxation of Annuity Benefit Payments | 140 | |
The Basic Rule | 140 | |
The Exclusion Ratio | 141 | |
The Investment in the Contract | 142 | |
The Expected Return | 143 | |
The Annuity Tables | 146 | |
Taxation of Variable Annuity Benefit Payments | 146 | |
Death of the Annuity Owner | 148 | |
Death of the Annuitant | 150 | |
Chapter 8 | Estate Taxation of Annuities | 155 |
What is the Estate Tax? | 155 | |
How is the Estate Tax Calculated? | 155 | |
Deductions From the Estate Tax | 157 | |
Annuity Contracts Owned at Death | 159 | |
In the Accumulation Phase | 160 | |
In the Annuitization Phase | 161 | |
Owner and Annuitant Are Not the Same Person | 163 | |
Annuity Contracts Purchased as Gifts | 163 | |
Private Annuities | 164 | |
Chapter 9 | Gift Taxation of Annuities | 167 |
What is the Gift Tax? | 167 | |
How is the Gift Tax Calculated? | 167 | |
The Annual Exclusion | 169 | |
The Unified Credit | 172 | |
Deductions From the Gift Tax | 173 | |
What Constitutes a Gift? | 176 | |
Gift of an Annuity Contract | 176 | |
Purchase of a Joint and Survivor Annuity | 176 | |
Assignment of an Annuity Contract | 177 | |
Payment of an Annuity Premium | 177 | |
Naming an Irrevocable Beneficiary | 178 | |
How is the Gift of an Annuity Valued? | 179 | |
Appendix A | Actuarial Tables | 181 |
Table I183 | ||
Table II183 | ||
Table IIA185 | ||
Table III187 | ||
Table V190 | ||
Table VI191 | ||
Table VIA192 | ||
Table VII194 | ||
Appendix B | Examples of Exclusion Ratio Calculations | 197 |
Single Life Annuity | 197 | |
Refund or Period Certain Guarantee | 198 | |
Joint and Survivor Annuity (Same Income to Survivor as to Both Annuitants Before Any Death) | 200 | |
Joint and Survivor Annuity (Income to Survivor Differs from Income Before First Death) | 201 | |
Appendix C | Internal Revenue Code Sections | 203 |
Section 72 | 203 | |
Section 1035 | 245 | |
Section 2033 | 246 | |
Section 2039 | 247 | |
Appendix D | Sample Annuity Applications | 249 |
Sample Fixed Annuity Application | 249 | |
Sample Variable Annuity Application | 251 | |
Index | 253 |
Login|Complaints|Blog|Games|Digital Media|Souls|Obituary|Contact Us|FAQ
CAN'T FIND WHAT YOU'RE LOOKING FOR? CLICK HERE!!! X
You must be logged in to add to WishlistX
This item is in your Wish ListX
This item is in your CollectionAnnuity Handbook
X
This Item is in Your InventoryAnnuity Handbook
X
You must be logged in to review the productsX
X
X
Add Annuity Handbook, Offer the security of annuities to your clients and close more sales with the new edition of The Annuity Handbook. There is no other resource as practical, trusted and easy to understand! This completely updated edition includes all changes from EGTRRA 20, Annuity Handbook to the inventory that you are selling on WonderClubX
X
Add Annuity Handbook, Offer the security of annuities to your clients and close more sales with the new edition of The Annuity Handbook. There is no other resource as practical, trusted and easy to understand! This completely updated edition includes all changes from EGTRRA 20, Annuity Handbook to your collection on WonderClub |