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February 26, 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.

	Newsroom
	Latest news about Annuity cases in Washington and nationwide: Lake Worth Tax Return Preparer Convicted On Tax Fraud, Contempt Charges R. Alexander Acosta, United States Attorney for the Southern District of Florida, Eileen J. O’Connor, Assistant Attorney General for the Justice De... Read more > Denn Bars Company From Doing Business In Delaware An Ohio investment company has been barred from doing business in Delaware and agreed to pay a $15,000 administrative assessment to resolve a compl... Read more > In The Matter Of Kelmoore Investment Company, Inc. The Commission issued Order Instituting Administrative andCease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Ceas... Read more > More Annuity News >

Annuity Lawyers.com Terms

Today's Terms

Assign and Assignment

Definition:
Your irrevocable transfer of all ownership of FEGLI coverage (except Dismemberment coverage and Option C) to another individual, corporation, or trustee.

Living Benefits

Definition:
Basic insurance benefits (full or partial) paid to you while you are still living, rather than paid to a beneficiary when you die. You must be terminally ill, with a life expectancy of 9 months or less, to qualify for a living benefit.

Option A

Definition:
$10,000 in coverage that you can elect in addition to Basic insurance. Also called standard 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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