Discover the Value. Secondary Market Income Annuities

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Discover the Value. Secondary Market Income Annuities"

Transcription

1 Discover the Value Secondary Market Income Annuities

2 Welcome to Better Yields If you are looking for an opportunity to earn aboveaverage fixed income returns for a balanced portfolio or otherwise and you are in a financial position to hold an illiquid investment with a specific income structure, consider a Secondary Market Income Annuity (SMIA). Depending on the structure and duration of the payment stream, purchases of SMIA products can be appropriate for long-term income needs, growth needs or, in some cases, long-term savings needs. $ monthly payment stream purchased for 20 years Annuity $135, Purchase Cost Yield 4.23% Interest SMIA $115, Purchase Cost Yield 6.25% Interest An annuity paying $10,000 per year for 20 years would cost $135,738.98, with an effective interest rate of 4.23%. On the secondary market, a discounted price of $115, creates an effective interest rate of 6.25%. The above case is for illustration purposes only.

3 The Secondary Market Secondary Market Income Annuities (also called Secondary Market Fixed Annuities, Secondary Market Immediate Annuities and Factored Structured Settlements) refer to the resale of an existing annuity contract or lottery payments, where an insurance company or the state lottery commission (the Payor) guarantees a future stream of payments.* When individuals are awarded an annuity from the settlement of a lawsuit (such as a personal injury award) or they win a state lottery, they are often not in a position to wait or cannot afford to wait years for their entire payout. As a result, the Seller can elect to sell the future payment stream in exchange for a lump sum payment today. The Buyer purchases the existing annuity and its unique income/payout structure for a given price, which defines the Buyer s annual rate of return. Each SMIA is unique and has its own specific income stream and interest rate. Types of SMIAs Immediate Income Annuity This is a currently paying annuity that is sold by the original Annuitant in exchange for a lump sum payment. This asset is typically not liquid and has no commutable value that would allow the Annuitant to surrender it to the insurance company. So, the Annuitant or Seller turns to the secondary markets to supply the liquidity, in exchange for the remaining payments. Factored Structured Settlements Payment rights to these existing annuities are purchased by Buyers pursuant to state law. The annuity income stream the Structured Settlement is a direct obligation of a highly-rated insurer, such as New York Life, Metropolitan Life, John Hancock, Liberty Life, Pacific Life, Allstate, Prudential, The Hartford, and Aegon Group. As an obligation to a policyholder, the structured settlement is senior to the issuer s most senior debt obligations. The purchase and sale of each payment stream is approved by a court which issues an order redirecting the payments to the Buyer. *All guarantees are based on the claims-paying ability of the issuing company or the lottery commission and are not guaranteed by a third party. 1

4 The Secondary Market Lottery Prizes While not an annuity issued by an insurance company, Lottery Prizes (and a limited number of wide-area casino jackpot awards) are direct obligations of state lotteries or state regulated wide-area progressive jackpots, which pay out over time. Lottery payouts do not depend on future tax collections and appropriations. Typically, U.S. Treasury instruments fund these obligations and states maintain them in segregated trust funds. In some states, when a 25-year prize is awarded, the state lottery commission sets aside all the funds necessary to make all scheduled payments by purchasing 24 zero-coupon U.S. Treasury obligations, each timed to mature on 24 annual payment dates. With a SMIA, the Buyer acquires the right to receive lottery payments directly from the state lottery, in place of the original winner, by contracting with the winner to provide a lump sum of cash today. These assignments are court ordered and acknowledged by the particular state lottery commission. Every Buyer s situation is unique. Before making any purchase decision, many factors including financial goals, risk tolerance, and time horizon should be considered. Investing involves risks, and profits or losses may be incurred regardless of strategy selected. Please consult with a tax professional to understand the possible tax implications associated with the purchase of an SMIA. SMIAs are generally considered long-term investments that are available from your financial professional. 2

5 Types SMIA of Benefits SMIAs Benefits of purchasing a Secondary Market Income Annuity SMIAs provide a unique structured payment stream over a specific period of time, at a fixed rate of return. As a result, they are generally considered to be a good vehicle for safe money savings. WealthVest Marketing offers annuity-based SMIAs only from those insurance companies that are highly rated by Standard & Poor s for their Claims Paying Ability. The Secondary Market Income Annuities we offer are one of the safest fixedincome alternatives available today. A high rate of return: created by a discounted purchase price SMIAs typically offer a rate of return well above newly-issued fixed annuities, immediate annuities, or bonds of a similar credit quality. While many Buyers wonder how the SMIA pays such a high rate of return, it is important to understand that the mechanics of the factoring process the Seller s willingness to sell their payment stream at a discount creates the yield enhancement. The Payor is neither changing the payment stream nor changing the rates. Current yield Current yields on SMIAs generally range between 4.5% and 7.5%, but can be higher or lower depending on the structure of the SMIA. Since there are no fees to the Buyer, the interest rate indicated is a net yield. Payment term and Purchase Amount The purchase price of a Secondary Market Income Annuity is generally between $50,000 and $150,000, but can be higher or lower. Terms can range from 1 to 35 years, but typically are 5 to 20 years. SMIAs have unique payment structures and the payments are often not uniform for the term. 3

6 Overview Potential Risks Like other financial products, Secondary Market Income Annuities are not risk-free. The Buyer and his/her financial advisor must determine whether any given SMIA meets the Buyer s risk tolerance and objectives. Potential risks associated with SMIAs The safety of any given SMIA is directly related to the financial strength of the insurance company that issued the annuity and its ability to pay claims over the term of the SMIA. The court may not approve the transfer of the SMIA (Factored Structured Settlement and Lottery Prize Payouts), so the sale may not be completed. In this case, the Buyer s full deposit will be returned. SMIAs are not bank deposits, nor are they insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal government agency. SMIAs are subject to interest rate risk. Market interest rates may rise while the rate of return on the SMIA is locked in. Fixed income purchases with longer terms are usually more sensitive to changes in interest rates. Since SMIAs cannot be resold, the Buyer is not subject to principal risk, except as described above. During a volatile rate period, the Buyer can hedge interest rate risk by building an annuity ladder consisting of a series of SMIAs with different payment dates, thereby averaging the rates of return. SMIAs must be held to term and therefore are not liquid purchases. 4

7 Types Additional of SMIAs Information Responsibility for payments and transference to the Buyer SMIA payments are usually paid directly to the Buyer by a U.S. insurance company with a Claims Paying Rating that is generally AAA to A rated by Standard & Poor s. The Buyer may choose individual SMIAs based on the ratings of the underlying insurance carrier of the offering. In the case of lottery offers, the state lottery generally pays the Buyer directly. State law governs the purchase and sale of annuity payments. A court must approve this transaction and issue an order redirecting payments to the Buyer. A judge reviews the proposed transfer and only issues the court order if the sale is in the best interest of the Annuitant. Selling the payment stream at a later date Once the Buyer purchases a Secondary Market Income Annuity, he/she must hold it through its term. SMIAs offered by WealthVest Marketing are generally not liquid or marketable. The transfer court order usually states that there are no further assignment rights. Purchasing a SMIA inside an IRA A SMIA may be purchased with either qualified (pre-tax) money or non-qualified (aftertax) money. To purchase with qualified money, the Buyer must have a self-directed IRA account. If the Buyer does not currently have a self-directed IRA account, WealthVest Marketing can help arrange one with a third party trustee familiar with SMIAs. How payments are affected by the death of the Annuitant The SMIAs offered by WealthVest Marketing are not based on the lifetime of the Annuitant. Payments upon death of the Buyer The SMIA is an asset that is transferred according to the Buyer s estate plan or IRA. 5

8 Overview The SMIA Purchase Process WealthVest Marketing and its agents oversee the SMIA purchase process. The sale of SMIAs occurs through a court supervised process, in most cases. To ensure that the transaction proceeds smoothly, and to protect the Buyer s interests, an outside attorney has been retained to review the transaction from the Buyer s perspective. The outside attorney rigorously reviews each transaction to ensure that it is clean and to expedite the transfer process. 1. Reserve a case from the WealthVest Marketing Offer Sheet Cases can only be purchased on an as-available basis. If there is a particular case/smia on the Offer Sheet of interest, the Buyer should contact his/her advisor immediately to reserve the offer. Once the Buyer reserves an offer, WealthVest Marketing takes that case off the market and holds it exclusively for the Buyer. Offerings are commonly only available for a matter of hours Payor or a very limited number of days. 2. Provide Buyer information To comply with all federal laws and regulations and to help fight the funding of terrorism and money laundering activities, WealthVest Marketing must obtain, verify, and record information that identifies the Buyer via the Purchaser Information Worksheet. To be eligible to buy a SMIA, a foreign Buyer must have a U.S. address, a U.S. tax identification number, and a U.S. bank account. Nothing in this document shall be considered a solicitation to buy or an offer to sell a SMIA, or any other product or service, to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful. 1 Annuitant (Seller) Future Payments SMIA 2 Lump Sum 3 Buyer 3. Execute a Purchase Agreement WealthVest Marketing prepares and sends a Purchase Agreement to the Buyer s advisor detailing the terms of the proposed transaction. The Purchase Agreement must be signed by the Buyer and the Buyer s advisor and returned to WealthVest Marketing. Generally, the Buyer provides a $5,000 deposit at this time (see next page for more information). 4. Receive notification SMIA transactions are subject to court approval and this process can take between 30 and 90 days to complete. WealthVest Marketing notifies the Buyer s advisor of the court date for judicial approval of the assignment which means that the case will soon fund and close in the Buyer s name. 6

9 Types The SMIA of SMIAs Purchase Process 5. Fund the SMIA purchase Stage 1: The Buyer provides a $5,000 deposit to the outside attorney trust account at the time he/she executes a Purchase Agreement. Stage 2: The Buyer submits 100% of the SMIA purchase price to the outside attorney trust account 15 days prior to the court date, where the funds are held until the closing of the transaction. Note: In fast-track cases, the Buyer must deposit 100% of the purchase price to the outside attorney trust account at the time of Purchase Agreement submittal. These cases are already court approved and usually close very quickly. 6. Complete the SMIA purchase Once the court reviews and approves the assignment and WealthVest Marketing receives confirmation from the insurance carrier that the assigned payment(s) will be paid directly to the Buyer, the outside attorney underwrites and reviews the file to ensure the Buyer is receiving an absolute assignment without encumbrance. Upon closing, the Buyer receives a Buyer Closing Book, which includes all of the pertinent documents and proves the transfer from Buyer to Seller. WealthVest Marketing s responsibilities to the Buyer We manage the overall SMIA transfer and sale process. We complete the annuity transfer process, including obtaining a transfer court order in accordance with U.S. State and Federal laws. We oversee the transfer due diligence process as determined in the Purchase Agreement. We ensure all transactions receive legal review prior to closing of the case. We safeguard the Buyer s funds, until the transaction closes, through the outside attorney trust account. We close the purchase of annuity payment rights with the Buyer and provide a Buyer Closing Book containing the Court Order, Stipulation or Acknowledgement Letter, Amortization Schedule and the Structured Settlement Agreement/Benefits Letter. 7

10 Overview Facts to Know 1 Secondary Market Income Annuities (SMIAs) can provide above-average returns compared with other fixed-income alternatives of similar risk. 2 SMIAs can be purchased with qualified (pre-tax) money or non-qualified (after-tax) money. 3 SMIA payments are contractual obligations and are not projections. The timing and stream of payments at a specified purchase price yields the stated interest rate over the term of the payments. 4 SMIAs have no hidden administrative fees. 5 A SMIA will provide payments, according to the Purchase Agreement, to the Buyer or the Buyer s estate. 6 SMIA transactions are not widely known to the general public, nor are they easily accessible to individual Buyers. 7 A Court of law scrutinizes and approves all SMIA transactions except for immediate annuity income. 8 Most often, a U.S. insurance company, with a Claims Paying Ability Rating that is generally AAA to A rated by Standard and Poor s or the state lottery commission, pays the payment stream directly to the Buyer. 9 SMIAs are paid out in U.S. Dollars. Foreign Buyers may be subject to currency exchange risk. 10 Just as every SMIA is unique, every Buyer s situation is different. Before making a purchase decision, the Buyer must consider many factors, including financial goals, risk tolerance and time horizon. Please consult with your financial advisor to determine if a SMIA is appropriate for your needs and with a tax professional to understand the possible tax implications associated with the purchase. WealthVest Marketing makes no representation that a SMIA is appropriate for any Buyer. 8

11 Glossary of Terms Acknowledgement Letter the letter sent by the issuing insurance carrier acknowledging receipt of the Court Order and the transfer of payments. Amortization Schedule the schedule of payments that the Buyer will receive, identified by interest and principal payments, as calculated using TValue software. Annuitant the person who sells the payment rights in return for a present value, lump sum cash payment. Buyer the purchaser of the Secondary Market Income Annuity. Claims Paying Ability Rating the rating, by Standard and Poor s, of the insurance company paying the fixed term annuity. Closing Book the documents showing the Buyer s ownership of the assigned payments. Collateral File the file that contains all of the supporting documents for the purchase of the SMIA. WealthVest Marketing or a WealthVest Marketing agent retains all Collateral File documents. Court Order the order issued by a court, in the appropriate jurisdiction, that approves the transfer of the payment rights from the Seller to the Buyer. Lottery Prizes the state lottery prizes that are offered to the winners as annuitized payment. Payor the insurance company or state lottery (commission) that is obligated to pay the future payments sold by the Seller to the Buyer. Present Value the value on a given date of a future payment or series of future payments, discounted to reflect the time value of money and other factors such as investment risk. Purchase Agreement an agreement for the Buyer to purchase a structured asset from the Seller at an agreed upon purchase price. Secondary Market Income Annuities (SMIA) immediate annuity income streams, factored structured settlements, and lottery winnings. Seller the Annuitant who is selling the Secondary Market Income Annuity. Stipulation an agreement that clearly defines the responsibilities of all parties involved in the transaction. Structured Settlement a financial or insurance arrangement in which an individual accepts payments over a period of time to resolve a legal claim that often involves a personal injury. This type of payment plan is often in the form of a structured settlement annuity, issued by a highly-rated insurance company. Structured Settlement Agreement/Benefits Letter an agreement or letter that defines the remaining benefits of an existing structured settlement. Term the length of time before all principal and interest is paid under the fixed term annuity. We, us, our, and WealthVest Marketing, Inc. WealthVest Marketing, Inc., a licensed insurance agency, and its associated agents.

12 1009 East Main Street, Suite 101 Bozeman, Montana

Buyer s Guide. Copyright 2011; BG3.11 Somerset Wealth Strategies, Inc. All Rights Reserved

Buyer s Guide. Copyright 2011; BG3.11 Somerset Wealth Strategies, Inc. All Rights Reserved Buyer s Guide Copyright 2011; BG3.11 Somerset Wealth Strategies, Inc. All Rights Reserved 10 Facts to Know 1. Secondary Market Income Annuities (SMIA) can provide above average returns for the fixed income

More information

Secondary Market Income Annuities

Secondary Market Income Annuities Secondary Market Income Annuities Buyer s Guide Peace of Mind Through Financial Independence Annuity FYI is devoted to helping investors protect their retirement nest egg. Traditional wisdom of retirement

More information

Secondary Market Structured Settlements Buyer s Guide

Secondary Market Structured Settlements Buyer s Guide Secondary Market Structured Settlements Buyer s Guide What is a Secondary Market Structured Settlement? A Secondary Market Structured Settlement is a transferred structured settlement in which you, the

More information

Secondary Market Annuities Purchaser s Guide

Secondary Market Annuities Purchaser s Guide Secondary Market Annuities Purchaser s Guide Revised 03-02-2015 Secondary Market Annuities offer a simple and affordable way for buyers to meet financial goals, such as saving for retirement, a child s

More information

No securities regulatory authority has expressed an opinion about these annuities. It is an offense to claim otherwise.

No securities regulatory authority has expressed an opinion about these annuities. It is an offense to claim otherwise. Put your money to work Fixed Term Annuities Presenting Higher Yield Returns A to AAA Rated (S&P) Flexible terms April 2, 2010 No securities regulatory authority has expressed an opinion about these annuities.

More information

Altium Structured Settlement Investments (SSI s)

Altium Structured Settlement Investments (SSI s) What is an Altium Structured Settlement Investment or SSI? Altium SSI s are streams of court ordered cash payments, paid by an Insurance Carrier, the payer, to a plaintiff who won a personal injury lawsuit.

More information

Buyer s Guide for Purchasing Secondary Market Annuities

Buyer s Guide for Purchasing Secondary Market Annuities Pacific Structured Assets, Inc. Secure High Yield Investments for the Sophisticated Buyer Buyer s Guide for Purchasing Secondary Market Annuities 2012 Pacific Structured Assets, Inc. All Rights Reserved

More information

Why are the interest rates higher than those offered by other fixed investments?

Why are the interest rates higher than those offered by other fixed investments? ST RUCT URED CASHF L OWS S t r uc t ur e d Ca s h F l ows. c om Discounted Cash Flows The secondary market for a variety of cash products has existed for years. These products range from pension payments,

More information

Structured Settlements: A Buyer s Guide

Structured Settlements: A Buyer s Guide Learn more about court-ordered structured settlement transfers, what makes them attractive and how they can help you reach your financial goals for the future. WHAT IS A STRUCTURED SETTLEMENT? For the

More information

Structured Settlements:

Structured Settlements: Structured Settlements: A Buyer s Guide for Investors Learn more about court ordered structured settlement transfers, why they are viewed as safe investments, and how they can help you reach your financial

More information

Structured Cash Flows offer buyers competitive fixed rates with predictable income that can be customized to their unique needs.

Structured Cash Flows offer buyers competitive fixed rates with predictable income that can be customized to their unique needs. Brochure Summary: The secondary structured cash flow market has been in existence for decades, and is a multibillion dollar per year industry. The secondary structured cash flow market allows an individual

More information

Secondary Market Annuities: What to Know Before You Buy

Secondary Market Annuities: What to Know Before You Buy Secondary Market Annuities: What to Know Before You Buy WHAT WILL YOUR RETIREMENT LOOK LIKE? Use this guide to decide if SMAs are right for you Everyone s Retirement is Different Are you looking for a

More information

Annuities. and. Elders

Annuities. and. Elders Annuities and Elders Opportunity for Tax-Deferred Growth No Further Investment Decision-Making Necessary Guaranteed Return Eligibility for Medi-Cal for an Elder Defers Income in Anticipation of a Lower

More information

The Value of Money Over Time: Structured Settlements and How Other Financial Situations are Impacted by Time

The Value of Money Over Time: Structured Settlements and How Other Financial Situations are Impacted by Time The Value of Money Over Time: Structured Settlements and How Other Financial Situations are Impacted by Time Founded in 1988, Settlement Capital Corporation is credited with establishing the secondary

More information

Single Purchase Payment

Single Purchase Payment CONTRACT SUMMARY Pacific Life Insurance Company P.O. Box 2378 Omaha, NE 68103-2378 (800) 722-4448 Contract Owners (800) 722-2333 Registered Representatives www.pacificlife.com Pacific Income Provider Individual

More information

Understanding Annuities: A Lesson in Variable Annuities

Understanding Annuities: A Lesson in Variable Annuities Understanding Annuities: A Lesson in Variable Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income

More information

Annuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities...

Annuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities... An Insider s Guide to Annuities Whatever your picture of retirement, the best way to get there and enjoy it once you ve arrived is with a focused, thoughtful plan. Introduction 2 What is an Annuity?...

More information

STRUCTURES 101. History 101

STRUCTURES 101. History 101 STRUCTURES 101 History 101 1918 IRS enacted section 104(a)(2) of the Internal Revenue Code bodily injury claims are free of taxation. 1983 Periodic Payment Act of 1983 encourages the use of structured

More information

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency Understanding annuities An Overview for Your Retirement No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 2/15 13096-15A Contents Get Ready

More information

Variable Annuities. Introduction. Settlement Options. Methods of Buying Annuities. Tracking Separate Accounts. Suitability. Tax Deferred Annuities

Variable Annuities. Introduction. Settlement Options. Methods of Buying Annuities. Tracking Separate Accounts. Suitability. Tax Deferred Annuities Variable Annuities Introduction Settlement Options Methods of Buying Annuities Tracking Separate Accounts Suitability Tax Deferred Annuities Using this study guide. This study guide is intended for use

More information

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency Understanding fixed annuities An Overview for Your Retirement No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 3/15 23264-15A Contents Get

More information

Important Information about your Annuity Investment

Important Information about your Annuity Investment Robert W. Baird & Co. Incorporated Important Information about your Annuity Investment What is an Annuity Contract? An annuity is a contract between you and an insurance company, under which you make a

More information

Protection Now. Income Later.

Protection Now. Income Later. Protection Now. Income Later. Life Insurance Retirement Plan for Women AD-OC-749C What are two problems facing today s woman? 1 2 The Family s Financial Vulnerability. Whether you are part of a two-income

More information

Understanding Annuities

Understanding Annuities Annuities, 06 5/4/05 12:43 PM Page 1 Important Information about Variable Annuities Variable annuities are offered by prospectus, which you can obtain from your financial professional or the insurance

More information

Marblehead Financial Services

Marblehead Financial Services Marblehead Financial Services Bill Bartin, CFP Located at Marblehead Bank 21 Atlantic Avenue Marblehead, MA 01945 781-476-0600 781-715-4629 wbartin@infinexgroup.com Annuities Page 1 of 7, see disclaimer

More information

A GUIDE TO INVESTING IN ANNUITIES

A GUIDE TO INVESTING IN ANNUITIES A GUIDE TO INVESTING IN ANNUITIES What Benefits Do Annuities Offer in Planning for Retirement? Oppenheimer Life Agency, Ltd. Oppenheimer Life Agency, Ltd., a wholly owned subsidiary of Oppenheimer & Co.

More information

Understanding Annuities

Understanding Annuities Retirement Planning Understanding Annuities Learn how these versatile investments can be part of your strategy for retirement savings and income. understanding annuities Annuities can help provide the

More information

STRIP BONDS AND STRIP BOND PACKAGES INFORMATION STATEMENT

STRIP BONDS AND STRIP BOND PACKAGES INFORMATION STATEMENT STRIP BONDS AND STRIP BOND PACKAGES INFORMATION STATEMENT We are required by provincial securities regulations to provide you with this Information Statement before you can trade in strip bonds or strip

More information

APPLICATION FOR ANNUITY. Proposed Annuitant Name: FIRST MIDDLE LAST. Address: STREET CITY STATE ZIP

APPLICATION FOR ANNUITY. Proposed Annuitant Name: FIRST MIDDLE LAST. Address: STREET CITY STATE ZIP APPLICATION FOR ANNUITY Proposed Annuitant Name: FIRST MIDDLE LAST Address: STREET CITY STATE ZIP Social Security Number: Date of Birth: / / Sex: q Male q Female Proposed Second Annuitant Name: (if applicable

More information

Introduction. In today s uncertain environment, what can. high yield, low risk alternative:

Introduction. In today s uncertain environment, what can. high yield, low risk alternative: Structured t Settlements t A Safe New Way to Double Your Return The Wealth Preservation Institute 3260 S. Lakeshore Dr. St. Joseph, MI 49085 269-216-9978 www.thewpi.org info@thewpi.org 2010 All Rights

More information

If you have questions about this annuity, please ask your agent, adviser or contact a company representative at 1-800-541-0171.

If you have questions about this annuity, please ask your agent, adviser or contact a company representative at 1-800-541-0171. Phoenix Edge Single Premium Immediate Annuity (SPIA) Disclosure Document A Single Premium Immediate Fixed Annuity Issued By Phoenix Life Insurance Company and PHL Variable Insurance Company PHOENIX EDGE

More information

Basic Investment Terms

Basic Investment Terms Because money doesn t come with instructions.sm Robert C. Eddy, CFP Margaret F. Eddy, CFP Matthew B. Showley, CFP Basic Investment Terms ANNUITY A financial product sold by financial institutions pay out

More information

Buyer s Guide for Deferred Annuities Variable

Buyer s Guide for Deferred Annuities Variable Buyer s Guide for Deferred Annuities Variable Prepared by the NAIC National Association of Insurance Commissioners This guide does not endorse any company or policy Reprinted by John Hancock Life Insurance

More information

Understanding Annuities

Understanding Annuities Understanding Annuities Annuities ARE NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY MAY LOSE VALUE ARE NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE IFS-A092313 Ed. 01/2005 Letter

More information

What is a Structured Settlement? Straight talk about structured settlements

What is a Structured Settlement? Straight talk about structured settlements Woodbridge Structured Funding LLC What is a Structured Settlement? Straight talk about structured settlements Learn more about structured settlements: Why settled personal injury cases are often paid out

More information

Allstate ChoiceRate Annuity

Allstate ChoiceRate Annuity Allstate ChoiceRate Annuity Allstate Life Insurance Company P.O. Box 80469 Lincoln, NE 68501-0469 Telephone Number: 1-800-203-0068 Fax Number: 1-866-628-1006 Prospectus dated May 1, 2008 Allstate Life

More information

Annuities & Retirement Planning

Annuities & Retirement Planning This customized article, originally provided by Broadridge, is to provide some basic education about this topic as a prelude for the in-depth conversation that you will have with your advisor. This is

More information

MetLife Income Annuity SM

MetLife Income Annuity SM MetLife Income Annuity SM Predictable income that lasts as long as you live Single Premium Immediate Annuity is issued by MetLife Investors USA Insurance Company and in New York, only by First MetLife

More information

The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT

The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT THE HARTFORD SAVER SOLUTION SM FIXED INDEX ANNUITY DISCLOSURE STATEMENT This Disclosure Statement provides important information

More information

Variable Annuity Suitability Form

Variable Annuity Suitability Form Variable Annuity Suitability Form P.O. Box 64284, St. Paul, MN 55164 (800) 800-2638 woodburyfinancial.com This submission must contain the items listed below. If any of the following items in this submission

More information

Understanding Annuities: A Lesson in Annuities

Understanding Annuities: A Lesson in Annuities Understanding Annuities: A Lesson in Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that you

More information

Explorer. Client Guide. A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11

Explorer. Client Guide. A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11 Explorer A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11 Client Guide The Power to Help You Succeed Pacific Life has more than 140 years of experience, and we remain committed to providing

More information

Structured Settlements

Structured Settlements Introduction The Stock Market is inherently risky CDs are paying low interest rates Money Market Accounts aren t much better Government Bonds also have low returns In today s uncertain environment, what

More information

The rates below apply for applications signed between December 15, 2015 and January 14, 2016. Income Growth Rate: 6.00% Income Percentages

The rates below apply for applications signed between December 15, 2015 and January 14, 2016. Income Growth Rate: 6.00% Income Percentages PRUDENTIAL DEFINED INCOME ( PDI ) VARIABLE ANNUITY PRUCO LIFE INSURANCE COMPANY PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY PRUCO LIFE of NEW JERSEY

More information

The Hartford Saver Solution Choice SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT

The Hartford Saver Solution Choice SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT The Hartford Saver Solution Choice SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT THE HARTFORD SAVER SOLUTION CHOICE SM FIXED INDEX ANNUITY DISCLOSURE STATEMENT This Disclosure Statement provides important

More information

Discover What s Possible

Discover What s Possible Discover What s Possible Guaranteed Foundation Fixed Annuity SM Guaranteed Foundation Fixed Annuity SM PM6949 Create a pictureperfect retirement Retirement can be a relaxing time to enjoy what you love

More information

Managing Your Beneficiaries Inheritances

Managing Your Beneficiaries Inheritances Managing Your Beneficiaries Inheritances A Predetermined Beneficiary Payout Option 8/13 23220-13A You re in Control With the Predetermined Beneficiary Payout Option, you have the flexibility to choose

More information

Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance

Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance A gift of life insurance can represent a substantial future gift to a favorite charity at relatively little cost to you. Table of

More information

I. Introduction. II. Financial Markets (Direct Finance) A. How the Financial Market Works. B. The Debt Market (Bond Market)

I. Introduction. II. Financial Markets (Direct Finance) A. How the Financial Market Works. B. The Debt Market (Bond Market) University of California, Merced EC 121-Money and Banking Chapter 2 Lecture otes Professor Jason Lee I. Introduction In economics, investment is defined as an increase in the capital stock. This is important

More information

What is a Structured Settlement: WOODBRIDGE STRUCTURED FUNDING, LLC

What is a Structured Settlement: WOODBRIDGE STRUCTURED FUNDING, LLC 2014 What is a Structured Settlement: WOODBRIDGE STRUCTURED FUNDING, LLC STRAIGHT TALK ABOUT STRUCTURED SETTLEMENTS WOODBRIDGE STRUCTURED FUNDING, LLC Learn more about structured settlements: Why settled

More information

Protecting Retirement Income and Assets

Protecting Retirement Income and Assets ONcore Variable Annuities Protecting Retirement Income and Assets Protect Guarantee retirement income without sacrificing your Plan Accumulate legacy to heirs. Access NOT A DEPOSIT NOT FDIC INSURED NOT

More information

Deferred Income Annuity

Deferred Income Annuity American Pathway Deferred Income Annuity A single premium deferred income fixed annuity Annuities issued by American General Life Insurance Company (AGL) and The United States Life Insurance Company in

More information

Structuring Your Future with Pacific Life

Structuring Your Future with Pacific Life STRUCTURED SETTLEMENTS Personal Physical Injury Annuities Structuring Your Future with Pacific Life Tax-Free, Guaranteed Payments 10/13 26186-13A Why Pacific Life It s essential for you to choose a strong

More information

A Guide to Life Insurance for Small Business SUN LIFE FINANCIAL

A Guide to Life Insurance for Small Business SUN LIFE FINANCIAL A Guide to Life Insurance for Small Business SUN LIFE FINANCIAL For a small business owner, group life insurance and qualified plans may not be adequate to protect the business from unforeseen risks or

More information

CHAPTER 10 ANNUITIES

CHAPTER 10 ANNUITIES CHAPTER 10 ANNUITIES are contracts sold by life insurance companies that pay monthly, quarterly, semiannual, or annual income benefits for the life of a person (the annuitant), for the lives of two or

More information

Understanding Annuities

Understanding Annuities This guide: Explains the different types of annuity contracts Describes the various contractual features Discusses how to shop for an annuity State of Wisconsin Office of the Commissioner of Insurance

More information

Your Thrift Plan Handbook... THRIFT PLAN. Thrift Plan for Retirees Table of Contents. Keys to having made the most of your savings:

Your Thrift Plan Handbook... THRIFT PLAN. Thrift Plan for Retirees Table of Contents. Keys to having made the most of your savings: Preset Mixes Table Your Thrift Plan Handbook... Keys to having made the most of your savings: THRIFT PLAN Be sure to choose a payment option To make the most of your benefits, meet with a Deseret Mutual

More information

BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC

BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC Cetera Financial Specialists LLC 200 N. Martingale Road Schaumburg, IL 60173-2096 BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC General Considerations Before you buy any insurance

More information

NAIC Buyer s Guide for Deferred Annuities

NAIC Buyer s Guide for Deferred Annuities NAIC Buyer s Guide for Deferred Annuities Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory

More information

TABLE OF CONTENTS PAGE GENERAL INFORMATION B-3 CERTAIN FEDERAL INCOME TAX CONSEQUENCES B-3 PUBLISHED RATINGS B-7 ADMINISTRATION B-7

TABLE OF CONTENTS PAGE GENERAL INFORMATION B-3 CERTAIN FEDERAL INCOME TAX CONSEQUENCES B-3 PUBLISHED RATINGS B-7 ADMINISTRATION B-7 STATEMENT OF ADDITIONAL INFORMATION INDIVIDUAL VARIABLE ANNUITY ISSUED BY JEFFERSON NATIONAL LIFE INSURANCE COMPANY AND JEFFERSON NATIONAL LIFE ANNUITY ACCOUNT G ADMINISTRATIVE OFFICE: P.O. BOX 36840,

More information

Index Growth Annuities

Index Growth Annuities Index Growth Annuities 5 And 7 A Rewarding Combination Of Safety, Tax Deferral And Choice Standard Insurance Company Index Growth Annuities A Deferred Annuity Is An Insurance Contract A deferred annuity

More information

Secure. Income SM. Pacific. Client Guide. A Fixed, Deferred Income Annuity for a Confident Retirement 4/15 97001-15A

Secure. Income SM. Pacific. Client Guide. A Fixed, Deferred Income Annuity for a Confident Retirement 4/15 97001-15A Secure Pacific Income SM A Fixed, Deferred Income Annuity for a Confident Retirement 4/15 97001-15A Client Guide Why Pacific Life Pacific Life has more than 145 years of experience, and we remain committed

More information

Strategies for Turning Retirement Savings Into Retirement Income

Strategies for Turning Retirement Savings Into Retirement Income Private Wealth Management Products & Services Strategies for Turning Retirement Savings Into Retirement Income How to move from accumulating assets to utilizing them Retirement Income Planning is more

More information

TIAA Traditional Annuity: Adding safety and stability to retirement portfolios

TIAA Traditional Annuity: Adding safety and stability to retirement portfolios Summer 2012 TIAA-CREF Asset Management TIAA Traditional Annuity: Adding safety and stability to retirement portfolios Overview Launched with the founding of TIAA in 1918, the TIAA Traditional Annuity is

More information

Understanding Annuities

Understanding Annuities This guide: Explains the different types of annuity contracts Describes the various contractual features Discusses how to shop for an annuity State of Wisconsin Office of the Commissioner of Insurance

More information

Annuities. Products. Safe Money. that Stimulate Financial Growth & Preserve Wealth. Safe Money is for money you cannot afford to lose.

Annuities. Products. Safe Money. that Stimulate Financial Growth & Preserve Wealth. Safe Money is for money you cannot afford to lose. Annuities Safe Money Products that Stimulate Financial Growth & Preserve Wealth Safe Money is for money you cannot afford to lose. Learn why Annuities are considered to be a Safe Money Place and how these

More information

Manhattan Life Insurance Company. Fixed Deferred Annuities. Preferred Choice THE MANHATTAN LIFE. MLIC Ann 0114

Manhattan Life Insurance Company. Fixed Deferred Annuities. Preferred Choice THE MANHATTAN LIFE. MLIC Ann 0114 Manhattan Life Insurance Company Fixed Deferred Annuities Preferred Choice MLIC Ann 0114 THE MANHATTAN LIFE The Manhattan Life Insurance Company Since 1850 Who We Are From its first rented office suite

More information

Understanding Annuities

Understanding Annuities Understanding Annuities Annuities issued by Pruco Life Insurance Company (in New York, issued by Pruco Life Insurance Company of New Jersey) and The Prudential Insurance Company of America. 0160994-00006-00

More information

Understanding Annuities: A Lesson in Indexed Annuities

Understanding Annuities: A Lesson in Indexed Annuities Understanding Annuities: A Lesson in Indexed Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that

More information

Exit Strategy. for. Annuities ANNUITY LIQUIDITY PROGRAM ANNUITY LIQUIDITY OPTIONS TM

Exit Strategy. for. Annuities ANNUITY LIQUIDITY PROGRAM ANNUITY LIQUIDITY OPTIONS TM An Exit Strategy for Annuities The Annuity Liquidity Program Stone Street Capital s Annuity Liquidity Program allows for an exit strategy for annuities. This program allows your clients to access funds

More information

longevity Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version ANNUITIES income

longevity Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version ANNUITIES income ANNUITIES income longevity SM Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version MetLife Investors Longevity Income Guarantee SM is issued

More information

Daily Income Fund Retail Class Shares ( Retail Shares )

Daily Income Fund Retail Class Shares ( Retail Shares ) Daily Income Fund Retail Class Shares ( Retail Shares ) Money Market Portfolio Ticker Symbol: DRTXX U.S. Treasury Portfolio No Ticker Symbol U.S. Government Portfolio Ticker Symbol: DREXX Municipal Portfolio

More information

FIXED INCOME. Consistent Revenue A WIDER VIEW TM

FIXED INCOME. Consistent Revenue A WIDER VIEW TM FIXED INCOME Consistent Revenue A WIDER VIEW TM It s time for A WIDER VIEW. TM It s the view that says stocks, bonds, mutual funds, annuities, life insurance, every type of investment has to make a contribution

More information

MJ Structured Settlement Annuities. Attractive Alternatives for Self Directed IRA s or Personal Portfolios

MJ Structured Settlement Annuities. Attractive Alternatives for Self Directed IRA s or Personal Portfolios MJ Structured Settlement Annuities Attractive Alternatives for Self Directed IRA s or Personal Portfolios Discussion For those grappling with investment losses, annuities today have an undeniable appeal.

More information

Understanding fixed annuities

Understanding fixed annuities Allianz Life Insurance Company of North America Understanding fixed annuities Protection for your retirement money M-5210 Page 1 of 12 Page 2 of 12 It s time to rethink retirement. In recent years, the

More information

Understanding variable annuities

Understanding variable annuities Allianz Life Insurance Company of North America Understanding variable annuities Discover how you can insure a portion of your retirement assets. USA-1517 Page 1 of 20 Solutions for RETIREMENT REALITIES

More information

Buyer s Guide for Deferred Annuities. Table of Contents

Buyer s Guide for Deferred Annuities. Table of Contents Buyer s Guide for Deferred Annuities Table of Contents What Is an Annuity?... 1 When Annuities Start to Make Income Payments... 1 How Deferred Annuities Are Alike... 1 How Deferred Annuities Are Different...

More information

Guaranteeing an Income for Life: An Immediate Income Annuity Review

Guaranteeing an Income for Life: An Immediate Income Annuity Review Guaranteeing an Income for Life: An Immediate Income Annuity Review The biggest financial risk that anyone faces during retirement is the risk that savings will be depleted...the risk that income will

More information

Making Your Money Last

Making Your Money Last U.S. INVESTMENT POLICY GUIDANCE REPORT Making Your Money Last Everyone has individual retirement goals, but we all have one in common: ensuring our money lasts throughout retirement. Even a well-designed

More information

Brokered certificates of deposits

Brokered certificates of deposits Brokered certificates of deposits A guide to what you should know before you buy Are brokered CDs right for you? Brokered CDs are designed for investors who: Want access to a wide selection of issuers

More information

Freedom Variable Annuity

Freedom Variable Annuity Freedom Variable Annuity Variable Product Series Building your future with a secure partner SM Kansas City Life Insurance Company Freedom Variable Annuity features at a glance Minimum deposit $25,000 minimum

More information

Maturity The date where the issuer must return the principal or the face value to the investor.

Maturity The date where the issuer must return the principal or the face value to the investor. PRODUCT INFORMATION SHEET - BONDS 1. WHAT ARE BONDS? A bond is a debt instrument issued by a borrowing entity (issuer) to investors (lenders) in return for lending their money to the issuer. The issuer

More information

Fixed Annuity Products

Fixed Annuity Products Training Module Fixed Annuity Products Issuer: Western-Southern Life Assurance Company Featuring: Acclaim FI-09-0002 Horizon FI-08-004 MultiRate FI-03-014 Annuity Guide Prepared by the National Association

More information

GROW more assets for retirement with interest crediting strategies that are based in part on the performance of the S&P 500 (excluding dividends).

GROW more assets for retirement with interest crediting strategies that are based in part on the performance of the S&P 500 (excluding dividends). SM Power Index Plus Annuity with Lifetime SM Income Plus PRODUCT HIGHLIGHTS Help Clients Secure More Retirement Income For Life To help your clients with their retirement goals, it s important to consider

More information

Public Financial Disclosure A Guide to Reporting Selected Financial Instruments

Public Financial Disclosure A Guide to Reporting Selected Financial Instruments Public Financial Disclosure A Guide to Reporting Selected Financial Instruments TABLE OF CONTENTS AMERICAN DEPOSITARY RECEIPT 1 CASH BALANCE PENSION PLAN 2 COMMON TRUST FUND OF A BANK 4 EMPLOYEE STOCK

More information

Payouts. Protection. In One Place.

Payouts. Protection. In One Place. Payouts. Protection. In One Place. ING Single Premium Immediate Annuity issued by ING USA Annuity and Life Insurance Company Your future. Made easier. Payouts. Protection. In today s financial world, some

More information

Payouts. Protection. In One Place.

Payouts. Protection. In One Place. Payouts. Protection. In One Place. ING Single Premium Immediate Annuity ANNUITIES Your future. Made easier. Payouts. Protection. In today s financial world, some products provide payout options. Others

More information

Advisor s Edge Variable Annuity Product Guide Effective July 1, 2015

Advisor s Edge Variable Annuity Product Guide Effective July 1, 2015 Advisor s Edge Variable Annuity Product Guide Effective July 1, 2015 Advisor s Edge Product Guide Annuities issued by Transamerica Premier Life Insurance Company Cedar Rapids, IA. Annuities are underwritten

More information

Focused Growth Annuity 5, 6, 7 And 10

Focused Growth Annuity 5, 6, 7 And 10 Focused Growth Annuity 5, 6, 7 And 10 A Rewarding Combination Of Safety, Tax Deferral And Choice Standard Insurance Company Focused Growth Annuity 5, 6, 7 And 10 A Deferred Annuity Is An Insurance Contract

More information

Principal Income Protector SM Helping Maximize Income for Life

Principal Income Protector SM Helping Maximize Income for Life Principal Income Protector SM Helping Maximize Income for Life W E U N D E R S T A N D W H A T Y O U R E W O R K I N G F O R. What does retirement mean to you? Retirement means something different to each

More information

Allianz MasterDex 10 Plus Annuity

Allianz MasterDex 10 Plus Annuity Allianz Life Insurance Company of North America Allianz MasterDex 10 SM Plus Annuity Start building today the life you want tomorrow CB51288-03 Page 1 of 16 Discover the MasterDex 10 Plus SM Annuity from

More information

Learning about fixed annuities. M a k e f i n a n c i a l c h o i c e s Based on knowledge

Learning about fixed annuities. M a k e f i n a n c i a l c h o i c e s Based on knowledge Learning about fixed annuities M a k e f i n a n c i a l c h o i c e s Based on knowledge Not FDIC-insured May lose value Not a deposit No bank guarantee Not insured by any federal government agency 2

More information

Guaranteed Lifetime Income Annuity II 1

Guaranteed Lifetime Income Annuity II 1 Just the facts about the New York Life... Guaranteed Lifetime Income Annuity II 1 Issuing company Product type Issue ages 2 Single premium payment Income payment modes New York Life Insurance and Annuity

More information

DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. The Prudential SmartSolution IRA

DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. The Prudential SmartSolution IRA SUCCEED SUNRISE PHOTOS TAKEN BY REAL PEOPLE OF THEIR ACTUAL DAY ONES OF RETIREMENT. WHAT WILL YOURS LOOK LIKE? The Prudential SmartSolution IRA DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND An easy

More information

Understanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients

Understanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients Understanding Annuities: A Lesson in Fixed Interest and Indexed Annuities Prepared for: Your Clients Presented by: Arvin D. Pfefer Arvin D. Pfefer & Associates 7301 Mission Road, Suite 241 Prairie Village,

More information

Understanding IRA distributions

Understanding IRA distributions Understanding IRA distributions A retirement distribution guide Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America AMK-019-N Page 1 of 12 It s important to know

More information

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016.

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016. NUVEEN INTELLIGENT RISK CONSERVATIVE ALLOCATION FUND SUPPLEMENT DATED APRIL 18, 2016 TO THE SUMMARY PROSPECTUS DATED DECEMBER 31, 2015 Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated

More information

Transfer Payout Annuities

Transfer Payout Annuities Transfer Payout Annuities Transfers and Withdrawals from TIAA Traditional tiaa-cref.org The TIAA Traditional Annuity In this guide, you ll learn about our Transfer Payout Annuity (TPA), a transfer and

More information

Fixed Annuities vs Bonds

Fixed Annuities vs Bonds Fixed Annuities vs Bonds A fixed annuity is a contract between an insurance company and one or more individuals, in which individuals make premium payments over the course of an accumulation period. The

More information