Altium Structured Settlement Investments (SSI s)

Size: px
Start display at page:

Download "Altium Structured Settlement Investments (SSI s)"

Transcription

1 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. The original plaintiff then sells these scheduled payments for a lump sum to a purchaser. By court order, the payer must reassign the stream of payments to the new purchaser. What are the benefits of purchasing Altium SSI s? Altium SSI s can provide significant returns for the fixed income portion of a balanced portfolio. They guarantee a payment stream over a fixed period of time, at a fixed rate of return, and are backed by Insurance Companies with among the highest credit ratings in the industry. This combination of high yield and solid safety makes them one of the most attractive forms of fixed term purchases available today. Where do Altium SSI s originate? Individuals involved in legal claims for personal injury often accept a structured settlement award in which they receive specified payments over a set period of years. As circumstances change, these individuals sell their rights to the future payments at a discount to a factoring company. in turn, offers the payment rights to these court ordered guaranteed payments, called Structured Settlement Investments or SSI s, to purchasers who then receive the payment streams. Altium SSI payments are made regardless of whether or not the existing original plaintiff or new purchaser is alive, meaning these payments are not contingent on any individual s life. What is the typical Altium SSI term and purchase amount? The purchase price of Altium SSI s can range from as low as $15,000 to as high as in the millions. Terms can range from 1 to 35 years and cash-flow can take the form of annual payments, monthly payments, quarterly payments and/or 1 lump sum.

2 How is the rate of return determined? The yield or rates for SSI s are determined by the current market at the time of purchase. Other factors such as what the buyer is prepared to accept as a return on his or her purchase of an SSI, as well as the duration of the payout are considered. The Insurance Company s financial rating also plays a key role in determining the yield to the purchaser. Do I have to appear in court for payments to be transferred to me by court order? No. and the utilized factoring companies have expertise in legally transferring payment rights. We will arrange a court order in your name at no additional cost to you. All of the court costs, transfers, fees, lien search fees, and legal costs are paid by us. What is the legal structure of the purchase? and our utilizing factoring companies acquire the payment rights to Altium SSI s from an existing awarded plaintiff and transfers the payment rights to you, the buyer through a court ordered transfer process. Your name and assignee information will be stated in the executed court order, which is generally obtained in the state where the existing plaintiff resides. The court will direct the Insurance Company who issued the fixed term payment stream to pay you all of the cash payments you are acquiring when they are due. Payments are made whether the existing original plaintiff or the buyer lives or dies during the period that the payments are due. Upon the death of the buyer, the payments continue to the joint owner (s) or other owner (s) or the estate of the buyer, as designated. Payments are typically made by a check mailed to your designated address or by direct deposit into your bank account. You may usually select your preferred method of payment. As the buyer, you may change the address for payment or bank account information designation at any time by informing the Insurance Company directly. What documentation will I receive after closing? Shortly after the closing of the transaction, will provide to the investor a closing binder. This binder will contain all the documents related to the transaction including but not limited to the purchase agreement, legal due diligence files, lien searches, original settlement terms, executed court order as well as the

3 assignment agreement which contains the details of the transaction and payments being reassigned. What are the risks? Like other financial products, Altium SSI s are not risk-free. As a buyer, you must determine whether Altium In-Force Cash Flows meet your risk tolerance and purchase objectives, and are suitable investments for you. You must fully understand what you are purchasing, and take the time to learn about SSI s and their features, benefits and risks, and conduct your own due diligence. In addition, Altium does not provide any any legal, accounting, financial or other advice or guidance of any kind to the buyer of an SSI, and does not give any opinion on the creditworthiness of any Insurance Carrier or obligor of the SSI payments. The following are risks associated with Altium SSI s: How do I become a buyer? The security of an SSI is directly related to the financial health of the Insurance Company ordered to make the payments and its ability to pay claims as well as the terms of the court order that accompanies each transaction. SSI s are not deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal government agency. They may be partially guaranteed by State Guaranty Associations but makes no representations or warranties in this regard. SSI s are subject to interest rate risk. Market interest rates may rise or fall while the rates of return on SSI s are locked in. Fixed income purchases with longer terms to maturity are usually more sensitive to changes in interest rates. One method of hedging interest rate risk during a volatile rate period is to build an In-Force Cash Flow ladder by buying a series of SSI s over an extended period of time, thereby averaging the rates of return. SSI s are monetized in U.S. Dollars. Foreign buyers may be subject to currency exchange risk. SSI s typically must be held to term and therefore are not liquid purchases. To become a buyer, you must: Provide all relevant information that is required for the court reassignment. This includes but is not limited to: Name, Address, Phone Number, Date of Birth, Social Security or Tax ID Number

4 Provide a $5,000 deposit at the time the existing original plaintiff executes a sale and assignment agreement with. Pay the balance of the purchase price upon court transfer order naming you, the buyer, as the new payee. Can buyers sell their Altium SSI s? Once you purchase an Altium SSI, it generally must be held to the completion of its term. Altium SSI s are generally not liquid or marketable. The transfer court order could state that there are no future reassignment rights permitted. What are the income tax considerations for me as a buyer? expresses no opinion on buyers tax obligations and recommends that you consult your tax advisor accordingly. In addition, Altium does not provide any any legal, accounting, financial or other advice or guidance of any kind to the buyer of an SSI, and does not give any opinion on the creditworthiness of any Insurance Carrier or obligor of the SSI payments. Who supplies the guarantee? The Guarantee of the SSI comes directly from Insurance Companies with AM Best credit ratings. Can I buy this in an IRA, ROTH IRA? Yes, Altium SSI s are eligible for self-directed IRA s and self-directed Roth IRA s. Can I buy this in my 401K? Yes. Altium SSI s are eligible for a 401k as long as the employers plan includes a self directed platform option. Can I buy this in a joint account with a co-investor? Yes. SSI s can be purchased as a joint account if the co-investor is above the legal age of 18 I have a small business; can I purchase this in my Profit Sharing Plan? Yes, SSI s can be purchased in a profit sharing plan as long as the plan is trustee directed.

5 Can I do a 1035 tax free exchange from my deferred annuities, my fixed annuities or my life insurance? No. SSI s are not eligible for a 1035 tax free exchange What happens to my money when I die? Altium SSI s are guaranteed to pay for the life of the policy. If the beneficiary of the policy dies, payments will continue to the estate. Why am I getting such a good rate of return? Altium SSI s offer exceptional yield because they are purchased and reassigned at significant discounts (remember, the original plaintiff chooses to sell their stream of payments at a discount for a lump sum payment).

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

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

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

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

Discover the Value. Secondary Market Income Annuities

Discover the Value. Secondary Market Income Annuities Discover the Value Secondary Market Income Annuities 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

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:

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 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

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

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

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL THE TIAA TRADITIONAL ANNUITY The TIAA Traditional Annuity is a guaranteed annuity backed by TIAA s claims-paying ability. In the accumulation

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 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

Thank you for considering American Church Trust Company to assist with your selfdirected IRA. We look forward to serving you for many years.

Thank you for considering American Church Trust Company to assist with your selfdirected IRA. We look forward to serving you for many years. To: IRA Investors Re: Investment in Swiss annuity through self-directed IRA American Church Trust Company welcomes your investment in Swiss annuity contracts through a self-directed IRA. Information, forms,

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

Introduction. What is an Annuity? Various Types of Annuities

Introduction. What is an Annuity? Various Types of Annuities Introduction The Kentucky Department of Insurance is pleased to offer this Annuity Buyer s Guide as an aid to assist you in determining your insurance needs and the products that will fill those needs.

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

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

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

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

Buyer s Guide for Deferred Annuities Fixed. Table of Contents

Buyer s Guide for Deferred Annuities Fixed. Table of Contents Buyer s Guide for Deferred Annuities Fixed Table of Contents What Is an Annuity?...2 When Annuities Start to Make Income Payments... 2 How Deferred Annuities Are Alike... 2 How Deferred Annuities Are Different...

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

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

Your pension benefit options

Your pension benefit options 2 Your pension benefit options Traditional pension plans generally provide the option of a lump-sum payment or a fixed monthly payment for life through an annuity. The fixed monthly payment amount is usually

More information

RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. Alternative Retirement Financial Plans and Their Features

RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. Alternative Retirement Financial Plans and Their Features RETIREMENT ACCOUNTS (c) Gary R. Evans, 2006-2011, September 24, 2011. The various retirement investment accounts discussed in this document all offer the potential for healthy longterm returns with substantial

More information

Attorney Fee Deferral Plan

Attorney Fee Deferral Plan Attorney Fee Deferral Plan ABOUT US Havelet is an independently owned assignment company based in Barbados. We provide periodic payment solutions to attorneys who wish to structure receipt of their contingent

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

Treasury Funded. Structured Settlement. Providing Enhanced Security. w i t h U. S. Government. O b l i g a t i o ns Held in a

Treasury Funded. Structured Settlement. Providing Enhanced Security. w i t h U. S. Government. O b l i g a t i o ns Held in a Treasury Funded Structured Settlement Providing Enhanced Security w i t h U. S. Government O b l i g a t i o ns Held in a P e r i o d i c P ayment Trust Why Choose a Structured Settlement? With today s

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

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

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

Single Premium Immediate Annuity Procedure Manual

Single Premium Immediate Annuity Procedure Manual Single Premium Immediate Annuity Procedure Manual Page 1 of 10 GCU Option B Single Premium Immediate Annuities For many retirees, a major fear is out-living their savings. Whether annuitizing an existing

More information

Frequently Asked Questions: Lump Sum Reminder

Frequently Asked Questions: Lump Sum Reminder Frequently Asked Questions: Lump Sum Reminder IMPORTANT NOTE: In these Frequently Asked Questions (FAQs), the terms you, I, or my refer to someone who is a former employee of HP or one of its acquired

More information

NAIC Buyer s Guide for Fixed Deferred Annuities

NAIC Buyer s Guide for Fixed Deferred Annuities NAIC Buyer s Guide for Fixed Deferred Annuities It s important that you understand how annuities can be different from each other so you can choose the type of annuity that s best for you. The purpose

More information

Buyer s Guide for. Deferred Annuities

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

More information

Self-Directed Real Estate IRA 101: How Does a Real Estate IRA Investment Actually Work? EQUITY TRUST COMPANY

Self-Directed Real Estate IRA 101: How Does a Real Estate IRA Investment Actually Work? EQUITY TRUST COMPANY Self-Directed Real Estate IRA 101: How Does a Real Estate IRA Investment Actually Work? EQUITY TRUST COMPANY 1 PART I Self-Directed Real Estate IRA 101: How does a real estate IRA actually work? gets into

More information

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES BUYER S GUIDE TO FIXED 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

Palladium. Immediate Annuity - NY. Income For Now... Income For Life! A Single Premium Immediate Fixed Annuity Product of

Palladium. Immediate Annuity - NY. Income For Now... Income For Life! A Single Premium Immediate Fixed Annuity Product of Palladium Immediate Annuity - NY Income For Now... Income For Life! A Single Premium Immediate Fixed Annuity Product of Income A Guaranteed Income for as Long as You Need It One of the major fears we face

More information

Future Mutual Income Annuity

Future Mutual Income Annuity Just the facts about New York Life... Future Mutual Income Annuity Issuing company Product type New York Life Insurance Company (NYLIC) 1 A participating flexible premium deferred income annuity (DIA)

More information

Your Investments and Other Assets

Your Investments and Other Assets Your Investments and Other Assets 401(k) Plans Whose plan? Client Co-Client Current total value: $ Current Roth value: $ After-tax value (non-roth): $ Income Total income from this employer: $ Will this

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

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

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

IRA Distribution Instructions and Forms for Original Account Holders

IRA Distribution Instructions and Forms for Original Account Holders Retirement IRA Distribution Instructions and Forms for Original Account Holders Not FDIC Insured May Lose Value Not Bank Guaranteed CONTENTS 1 Accessing Your Retirement Savings 2 Types of Distributions

More information

Alternative Retirement Financial Plans and Their Features

Alternative Retirement Financial Plans and Their Features RETIREMENT ACCOUNTS Gary R. Evans, 2006-2013, November 20, 2013. The various retirement investment accounts discussed in this document all offer the potential for healthy longterm returns with substantial

More information

Fixed Deferred Annuities

Fixed Deferred Annuities Buyer s Guide to: Fixed Deferred Annuities National Association of Insurance Commissioners 2301 McGee St Suite 800 Kansas City, MO 64108-2604 (816) 842-3600 1999, 2007 National Association of Insurance

More information

Protect your plan savings for retirement. New York University 457(b) Deferred Compensation Plan

Protect your plan savings for retirement. New York University 457(b) Deferred Compensation Plan Protect your plan savings for retirement New York University 457(b) Deferred Compensation Plan Whether you have left the workforce or have simply changed employers, it is important to protect the money

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

CONSIDERING A PENSION PAYOUT

CONSIDERING A PENSION PAYOUT CONSIDERING A PENSION PAYOUT Seven decision factors to help you determine whether to continue pension benefits or take a lump sum payout. 180k 160 140 120 100 80 60 40 20 0 1990 1995 2000 1985 2005 KEY

More information

Self-Directed Real Estate IRA 101: How Does a Real Estate IRA Investment Actually Work?

Self-Directed Real Estate IRA 101: How Does a Real Estate IRA Investment Actually Work? Self-Directed Real Estate IRA 101: How Does a Real Estate IRA Investment Actually Work? PART I Self-Directed Real Estate IRA 101: How does a real estate IRA actually work? gets into the nittygritty details

More information

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES BUYER S GUIDE TO FIXED DEFERRED ANNUITIES IT IS IMPORTANT that you understand the differences among various annuities so you can choose the kind that best fits your needs. This guide focuses on fixed deferred

More information

Voya Single Premium Immediate Annuity

Voya Single Premium Immediate Annuity Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide

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

Buyer s Guide for. Deferred Annuities. For personal, non-commercial use only.

Buyer s Guide for. Deferred Annuities. For personal, non-commercial use only. Buyer s Guide for Deferred Annuities Prepared by the NAIC National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory

More information

Deferred Income Annuity

Deferred Income Annuity American Pathway SM Deferred Income Annuity A single-premium deferred income fixed annuity Annuities issued by American General Life Insurance Company (AGL) Through our American Pathway series of annuities,

More information

STRUCTURED SETTLEMENTS THE BEST PEOPLE. THE BEST PRODUCTS. THE BEST PROCESSES.

STRUCTURED SETTLEMENTS THE BEST PEOPLE. THE BEST PRODUCTS. THE BEST PROCESSES. STRUCTURED SETTLEMENTS THE BEST PEOPLE. THE BEST PRODUCTS. THE BEST PROCESSES. Page 2 WHAT IS A STRUCTURED SETTLEMENT? A structured settlement is simply a financial tool that allows you to have a portion

More information

ProOption Multi-Year Guaranteed Annuity Product with Return of Premium

ProOption Multi-Year Guaranteed Annuity Product with Return of Premium ProOption Multi-Year Guaranteed Annuity Product with Return of Premium guggenheim life and annuity ProOption Multi-Year Guaranteed Annuity Product with a Return of Premium Guarantee ProOption Multi-Year

More information

Payment Options. Retirement Benefit

Payment Options. Retirement Benefit Payment Options Retirement Benefit Table of contents Choosing your benefit payment option... 2 Life Annuities... 5 Fixed Period Benefit... 7 Installment Benefit... 8 Combination of Benefits... 10 Single

More information

Governmental 457(b) Application For Distribution

Governmental 457(b) Application For Distribution #1303-PS (5/14/2008) Governmental 457(b) Application For Distribution GENERAL INFORMATION Name of Plan Name of Employer Address City State Zip Name of Participant Date of Birth Complete the following section

More information

Voya Single Premium Immediate Annuity

Voya Single Premium Immediate Annuity Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide

More information

CERTIFICATE OF DEPOSIT DISCLOSURE STATEMENT April 2014

CERTIFICATE OF DEPOSIT DISCLOSURE STATEMENT April 2014 The information contained in this Disclosure Statement may not be modified by any oral representation made prior or subsequent to the purchase of your Certificate of Deposit. CERTIFICATE OF DEPOSIT DISCLOSURE

More information

Table of Contents. Participant Section

Table of Contents. Participant Section Table of Contents Participant Section Introduction...1 Planning Ahead...1 Distribution Making Your Choice...2 Other Considerations...5 Joint Life and Survivor Expectancy Table...7 Single Life Expectancy

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

FG Immediate-Income. Single Premium Immediate Annuity. ADV 1011 (01-2011) Fidelity & Guaranty Life Insurance Company Rev.

FG Immediate-Income. Single Premium Immediate Annuity. ADV 1011 (01-2011) Fidelity & Guaranty Life Insurance Company Rev. Single Premium Immediate Annuity ADV 1011 (01-2011) Fidelity & Guaranty Life Insurance Company Rev. 07-2014 12-715 Single Premium Immediate Annuity Americans are living longer than ever before. Source:

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

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

403(b)(7) or Texas Optional Retirement Program (ORP) distribution request

403(b)(7) or Texas Optional Retirement Program (ORP) distribution request 403(b)(7) or Texas Optional Retirement Program (ORP) distribution request Introduction Instructions Please use this form for John Hancock custodial 403(b)(7) or Texas ORP accounts. This form allows you

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

Participant Distributions

Participant Distributions City of Los Angeles Deferred Compensation Plan Participant Distributions considering your options living your dreams Severance of Employment Table of Contents Introduction... 1 What Are My Choices?...

More information

Buyer s Guide for. Deferred Annuities. Fixed

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

More information

Variable Annuity. Variable Product Series. Building your future with a secure partner SM. Kansas City Life Insurance Company

Variable Annuity. Variable Product Series. Building your future with a secure partner SM. Kansas City Life Insurance Company Variable Annuity Variable Product Series Building your future with a secure partner SM Kansas City Life Insurance Company Variable Annuity Features at a Glance Minimum Deposit $5,000 minimum single deposit

More information

Annuities: Good, Not so Good, or Bad? (Another Free InvestEd Webinar)

Annuities: Good, Not so Good, or Bad? (Another Free InvestEd Webinar) Annuities: Good, Not so Good, or Bad? (Another Free InvestEd Webinar) Bob Adams 2013 B. Adams 4 Annuities: Good, Not so Good, or Bad? Are They For You? More often than not, it s clear that variable annuities

More information

Retirement Income Investment Strategy by Andrew J. Krosnowski

Retirement Income Investment Strategy by Andrew J. Krosnowski Retirement Income Investment Strategy by Andrew J. Krosnowski Step 1- Income Needs-When formulating a successful strategy to generate income during retirement we feel that it is important to start by identifying

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

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE

SUMMARY REVIEW COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN FOR THE SUMMARY REVIEW FOR THE COLORADO COUNTY OFFICIALS AND EMPLOYEES RETIREMENT ASSOCIATION 457 DEFERRED COMPENSATION PLAN TABLE OF CONTENTS INTRODUCTION... i HIGHLIGHTS... 2 PARTICIPATION... 2 Eligibility to

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

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

Annuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options

Annuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options Annuity Principles and Concepts Session Five Lesson Two Annuity (Benefit) Payment Options Life Contingency Options - How Income Payments Can Be Made To The Annuitant. Pure Life versus Life with Guaranteed

More information

Client Profile: 66-year-old single uninsurable woman with a long-term care (LTC) concern and $2M of investable assets

Client Profile: 66-year-old single uninsurable woman with a long-term care (LTC) concern and $2M of investable assets GFI Supplements LTC Client Profile: 66-year-old single uninsurable woman with a long-term care (LTC) concern and $2M of investable assets Client Goal: To provide a future income stream to cover a long-term

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

MSRP Withdrawal Requirements, Options & Beneficiaries

MSRP Withdrawal Requirements, Options & Beneficiaries MSRP Withdrawal Requirements, Options & Beneficiaries You have been deferring into your account for many years, and retirement is just around the corner. How might this money be distributed? What options

More information

Income Plus Variable Annuity

Income Plus Variable Annuity Just the facts about New York Life... Income Plus Variable Annuity What is the New York Life Income Plus Variable Annuity? 1 Why should I consider Income Plus with the Guaranteed Future Income Benefit

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

DISTRIBUTION GUIDE This Distribution Guide provides educational information to help you successfully transition into retirement.

DISTRIBUTION GUIDE This Distribution Guide provides educational information to help you successfully transition into retirement. DISTRIBUTION GUIDE This Distribution Guide provides educational information to help you successfully transition into retirement. As a participant, you will receive unbiased and accurate information for

More information

Annuities The Key to a

Annuities The Key to a Annuities The Key to a Secure Retirement 1 Saving for retirement is crucial, and making sure those resources last throughout your lifetime is just as important. Annuities do both helping you save, then

More information

DEATH BENEFIT DISTRIBUTION CLAIM

DEATH BENEFIT DISTRIBUTION CLAIM DEATH BENEFIT DISTRIBUTION CLAIM - 2 DEATH BENEFIT DISTRIBUTION CLAIM INSTRUCTIONS AND OPTIONS If you believe you have been named a beneficiary of a Plan Participant s assets in the New York State Deferred

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

Guide to buying annuities

Guide to buying annuities Guide to buying annuities Summary of the key points contained in this disclosure document Before you purchase your annuity contract, make sure that you read and understand this guide. While reading this

More information

IRA DISTRIBUTION FORMS INSTRUCTION BOOKLET FOR ORIGINAL ACCOUNT HOLDERS

IRA DISTRIBUTION FORMS INSTRUCTION BOOKLET FOR ORIGINAL ACCOUNT HOLDERS IRA DISTRIBUTION FORMS INSTRUCTION BOOKLET FOR ORIGINAL ACCOUNT HOLDERS Not FDIC Insured May Lose Value Not Bank Guaranteed CONTENTS 1 Information for Different Types of Distributions 2 Penalty Exempt

More information

Hewitt Financial Services Self-Directed Brokerage Account (SDBA)

Hewitt Financial Services Self-Directed Brokerage Account (SDBA) invest in you Enrollment Guide Brokerage Account (SDBA) Savings Plus offers a self-directed brokerage account option for investors who may want to direct investments to a wider variety of options other

More information

How to make changes to your annuity income

How to make changes to your annuity income How to make changes to your annuity income What s inside 2 Your annuity income 4 TIAA Traditional annuity income 6 TIAA and CREF variable annuity income 9 Ways to adjust your annuity income 9 Transfer

More information

Buyer s Guide for. Deferred Annuities. Fixed

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

More information

Ohio Life & Health Insurance Prelicensing Online Course Unit 6. 6.0 Annuities, Variable Products, and Federal Tax Considerations

Ohio Life & Health Insurance Prelicensing Online Course Unit 6. 6.0 Annuities, Variable Products, and Federal Tax Considerations Ohio Life & Health Insurance Prelicensing Online Course Unit 6 6.0 Annuities, Variable Products, and Federal Tax Considerations 6.1 Annuities Key Facts 1. Annuities are, in one way, the opposite of Life

More information

THE CINCINNATI LIFE INSURANCE COMPANY. Annuity Product Training

THE CINCINNATI LIFE INSURANCE COMPANY. Annuity Product Training THE CINCINNATI LIFE INSURANCE COMPANY Annuity Product Training I) Definitions a. Single Premium Deferred Annuity (SPDA) an annuity contract purchased with a single premium payment, periodic income payments

More information

Frequently Asked Questions with Answers GENERAL QUESTIONS

Frequently Asked Questions with Answers GENERAL QUESTIONS DEPARTMENT OF FINANCIAL SERVICES Division of Treasury Bureau of Deferred Compensation STATE OF FLORIDA DEFERRED COMPENSATION PLAN Frequently Asked Questions with Answers GENERAL QUESTIONS Q. How can I

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

QP/401(k) Separation From Service Distribution Request Form

QP/401(k) Separation From Service Distribution Request Form #10486 (3/2004) QP/401(k) Separation From Service Distribution Request Form This form may be used if you have separated from service due to termination, disability or attainment of normal retirement age

More information