Friday, July 13, 2007
Annuities, Charities and Death Tax
Q: I thoroughly enjoy, and learn from, your newspaper columns. Please address the subject of income tax at death on deferred annuities and accruals if a named beneficiary is a qualified charitable organization. Thanks, and keep up the good work.
A: Annuities are big business for insurance companies, because there is lots of money to be made. Individual annuity sales reached an all-time high last year of $236.2 billion, up 9 percent over 2005, according to LIMRA International, a worldwide association that provides research to insurance and financial services companies.
Read Full Article
Source: The Herald
A: Annuities are big business for insurance companies, because there is lots of money to be made. Individual annuity sales reached an all-time high last year of $236.2 billion, up 9 percent over 2005, according to LIMRA International, a worldwide association that provides research to insurance and financial services companies.
Read Full Article
Source: The Herald
Permalink posted by armandn @ 9:42 AM 
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