Life insurance products

Taxpayer’s Receipt of Outright Cash from Original Insurance Company Barred 1035 Treatment for Annuity Exchange

Topics: Annuities, Life insurance products

The taxpayer inherited a non-qualified annuity from his father and wished to exchange the annuity for a new annuity issued by another insurance company. He assumed the exchange would be tax-deferred under Code Section 1035, but he failed to exchange annuity contracts as required by Section 1035. Instead, he cashed in the inherited annuity contract,…

Administration’s FY 2017 Budget – Part II- Targeting Retirement Plans & Savings.

Topics: IRAs, Life insurance products, Qualified Plans, Retirement security, RMDs

The WRMarketplace is created exclusively for AALU members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors. The AALU WRNewswire and…

Paying Compensation to IRA Holder from IRA-Owned Business = Prohibited Transaction.

Topics: IRAs, Life insurance products

Thursday, September 3, 2015WRM# 15-33 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take- aways, for AALU members, clients...

Like Goldilocks – Not Too Much, Not Too Little, But Just Right… Balancing IRA Contributions and Distributions in Lifetime Retirement Planning.

Topics: IRAs, Life insurance products, Qualified Plans, RMDs

Thursday, April 9, 2015WRM#15-13 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors.…

Optimizing Beneficiary Designations for Retirement Plan Benefits.

Topics: IRAs, Life insurance products, Qualified Plans, RMDs

Thursday, March 26, 2015WRM#15-11 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors.…

Grantor Trust Transactions – SCINs, Installment Sales, and Private Annuities: Is the IRS Circling the Wagons?

Topics: Annuities, Estate planning, Grantor trusts, Life insurance products, Trusts

Thursday, March 12, 2015WRM# 15-09 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and...

Class Action Claims Alleging Fraud Against Annuity Carrier Dismissed

Topics: Annuities, Life insurance products

This class action case was filed against EquiTrust Life Insurance Company (“EquiTrust”) in federal district court in Arizona, alleging violations of federal and state law in the sale of annuities. The district court granted EquiTrust’s motion for summary judgment. The federal appeals court affirmed the summary judgment of the District Court and sent the case…

Administration’s FY 2016 Budget – Part II: Notable Provisions Relating to Retirement Plans and Savings

Topics: Annuities, Defined contribution plans, DRD, IRAs, Life insurance products, Qualified Plans, RMDs, Tax treatment

Thursday, February 19, 2015WRM#15-06 The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors.…