How Tax Deferred Annuities Work

Overview

This course reviews the working parts of the tax-deferred annuity and how each attribute of the contract is interrelated. With the increase of new products and the enhanced planning applications they offer, the financial professional must be fully acquainted with the structural workings of the annuity and how to maximize benefits for individual clients. The course discusses the contract responsibilities and the various options for premium deposits and income settlements. The final section of the course addresses the important issue of taxation.

Learning Objectives

Students who successfully complete this course will be able to:

  • understand contract loads and charges
  • understand surrender charges
  • describe the contract relationship with the parties involved
  • describe accumulation periods
  • understand distribution periods
  • understand settlement options
  • understand taxation
  • understand tax-sheltered annuities

Designed for

Retail

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