Using annuity contracts for transferring wealth.

From: National Underwriter Life & Health-Financial ServicesEdition | Date: September 1, 1997| Author: | Copyright information

Holders of non-qualified, tax-deferred annuities can transfer assets to another generation must practice careful planning as tax-deferred annuities can transfer are great vehicles for accumulating assets, the are rather poor vehicles for transferring assets. One method of transferring assets from a tax-deferred annuity is to purchase an immediate annuity and fund a life insurance policy.

Non-qualified, tax-deferred annuity contracts have been an insurance industry success story for the past 15 years. Million of dollars have poured into fixed and variable annuities as clients searched ...

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