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July 20, 2010

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Did You Know?

Annuity tax-free exchanges, known as 1035 exchanges
Section 1035 of the U.S. tax code allows you to exchange an existing variable annuity contract for a new annuity contract without paying any tax on the income and investment gains in your current variable annuity account. These tax-free exchanges, known as 1035 exchanges, can be useful if another annuity has features that you prefer, such as a larger death benefit, different annuity payout options, or a wider selection of investment choices.

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	Latest news about Annuity cases in Washington and nationwide: Armed Services Committee Improves Veterans Survivor Benefit Plan “Service members and survivors who signed up for the program will finally see some significant improvements to the SBP,” said Saxton. “We worked on... Read more > Department Confirms 1.4 percent Fixed Annuity Dividend for WRS Annuitants MADISON -- Governor Doyle signed legislation today paving the way for the Department of Employee Trust Funds to pay a 1.4% fixed annuity dividend t... Read more > New Orleans Hospital Corporation Agrees To Guarantee Pensions Christian Health Ministries in New Orleans, La., has reached a voluntary agreement with the U. S. Department of Labor to guarantee ... Read more > More Annuity News >

Annuity Lawyers.com Terms

Today's Terms

Conversion

Definition:
The exchange of group insurance for insurance under an individual policy purchased from a private insurance company approved by the Office of Personnel Management.

Basic Insurance

Definition:
The coverage, based on your annual rate of basic pay, which you automatically have as an eligible employee unless you waive it.

Option B

Definition:
Coverage, equal to up to 5 multiples of your annual basic rate of pay, that you can elect in addition to Basic insurance. Also called additional optional insurance.

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Annuity Law Hot Topics

Topics Related to Annuity:

Client Manipulation
Providing False Information
Lying to Auditors
Unauthorized Transactions
Breach of Fiduciary Duty
Broker Embezzlement

Washington Annuity-Law Attorney

If you live in the following cities and need an Annuity-Law attorney you should contact our Annuity-Law Attorney as soon as possible:

Arlington
Auburn
Bellevue
Bellingham
Bothell
Bremerton
Edmonds
Everett
Federal Way
Kennewick
Kent
Kirkland
Lacey
Longview
Lynnwood
Marysville
Moses Lake
Oak Harbor

Olympia
Pasco
Port Orchard
Redmond
Renton
Richland
Seattle
Shelton
Snohomish
Spanaway
Spokane
Sumner
Tacoma
Vancouver
Walla Walla
Wenatchee
Woodinville
Yakima

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