Examining Qualifying Longevity Annuity Contracts In 5 Easy Steps.pdf

01-Jan_Estate_Ex-Qual-Longevity-Annuity.pdf
Preview of Examining Qualifying Longevity Annuity Contracts in 5 Easy Steps
🔗 Source: proutfinancialdesign.com
📊 Size: 114 KB
📄 Pages: 1 page
⬇️ Downloads: 50

Summary

A Qualifying Longevity Annuity Contract (QLAC) is a fixed income annuity in a retirement account with special attributes. Key points include:
1. RMD exclusion, allowing a greater portion of the IRA to remain intact longer.
2. Distribution deadline of the first day of the month after age 85.
3. Investment threshold of the lesser of $130,000 or 25% of applicable retirement account assets.
4. QLACs cannot be variable or equity-indexed, and cannot offer cash surrender value.
5. Death benefit options include life annuity and return-of-premium, varying by contract.

Description

A Qualifying Longevity Annuity Contract (QLAC) is a fixed income annuity in a retirement account with special attributes. Key points include:
1.

Technical Information

  • File Format: PDF
  • File Size: 114 KB
  • Pages: 1
  • Language: EN
  • Total Downloads: 50
  • Last Updated: 3 hours ago

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