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Securities and Exchange Commission Rule 151A and Annuities: Issues and Legislation

Description: This report explains the different types of annuities, the taxation of annuities, and disentangles the federal and state roles in the regulation of annuities. It outlines the SEC rule, including practical considerations for implementation. It also discusses congressional action in response to the SEC rule.
Date: July 1, 2010
Creator: Webel, Baird & Miller, Rena S.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Securities and Exchange Commission Rule 151A and Annuities: Issues and Legislation

Description: This report explains the different types of annuities, the taxation of annuities, and disentangles the federal and state roles in the regulation of annuities. It outlines the SEC rule, including practical considerations for implementation. It also discusses legal and congressional action in response to the SEC rule.
Date: July 29, 2010
Creator: Webel, Baird & Miller, Rena S.
Item Type: Report
Partner: UNT Libraries Government Documents Department

The Market for Retirement Annuities

Description: A retirement annuity allows an individual to purchase a regular payment stream from an insurance company to last his lifetime. Despite the ability of the product to eliminate the risk that a retiree will outlive his assets, few retirement annuities have been sold in the individual market. In addition, the number of individuals who annuitize their defined contribution retirement plan balances remains small. New products are emerging that would offer alternate annuity designs and make annuity prices more attractive. This report discusses legislation has been proposed in the 109th Congress that would enhance the tax treatment of annuities and encourage the growth of stand-alone annuity and combined annuity and long-term care products.
Date: May 18, 2006
Creator: Ranade, Neela K.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Annuities and the Securities and Exchange Commission Proposed Rule 151A

Description: The Securities and Exchange Commission (SEC) recently released a proposed rule that would effectively reclassify equity indexed annuities as a security product in addition to being an insurance product. This report presents the different types of annuities, explains the taxation of annuities, and disentangles the federal and state roles in the regulation of annuities. It outlines the proposed SEC rule and its current status.
Date: October 22, 2008
Creator: Webel, Baird
Item Type: Report
Partner: UNT Libraries Government Documents Department