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6 Dec 2013, 10:34 am
Hanashiro is being prosecuted under the Life and Annuity Consumer Protection Program (LACPP), which, according to the California Department of Insurance, “provides grant funds to counties for the prosecution of financial abuse in life insurance and annuity product transactions. [read post]
2 Dec 2013, 9:01 pm
Financial investments Certificates of deposit/money market funds, mutual funds/annuities, Individual Retirement Accounts, life insurance, real estate, stocks or bonds. [read post]
2 Dec 2013, 3:30 am
Meanwhile, the pension fund is drained for veterans in need. [read post]
22 Nov 2013, 7:01 am
The majority of investors in Arete used funds from IRAs or other retirement accounts.The SEC alleges that Snisky described Arete as an “annuity-plus” investment in which, unlike typical annuities, investors could withdraw principal and earned interest with no penalty after 10 years while still enjoying annuity-like guaranteed annual returns of 6 to 7 percent. [read post]
21 Nov 2013, 2:16 pm
Some plans will permit the alternate payee to take immediate payment in either a monthly annuity payment or in a single lump sum, even if the employee is still working or would not be permitted to begin receiving payments himself or herself. [read post]
11 Nov 2013, 9:09 pm
[Text moved:] The Becket Fund expresses no opinion here on whether Ascension is statutorily entitled to the “church plan” exemption. [read post]
11 Nov 2013, 2:36 pm
Unfortunately, Hunsinger never made the investment despite having his parents fill out the annuity application. [read post]
8 Nov 2013, 4:14 pm
The decedent formed the transaction, fully funded the trust, and essentially stood on both sides of the transaction. [read post]
28 Oct 2013, 3:39 pm
Fla. 1994) illustrated the distinction between an exempt annuity contract purchased to fund a structured settlement and a mere structured settlement. [read post]
17 Oct 2013, 7:50 am
They include: 1) Real Estate Transactions – allowing the agent to buy, sell, exchange, rent and lease real estate 2) Financial Institution Transactions – allowing the agent to open, close, continue and control all accounts and deposits in any type of financial institution including banks, trust companies, saving and loan associations, credit unions and brokerage firms 3) Stock and Bond Transactions – allowing the agent to buy and sell all types of securities including stocks,… [read post]
14 Oct 2013, 7:28 am
Next, ensure that the language in each trust, insurance policy, annuity or retirement vehicle is updated regularly to reflect your current wishes. [read post]
10 Oct 2013, 6:30 am
Regular readers may remember the frustrating story of Glenn Neasham, an insurance agent from California, who went to jail for selling an annuity. [read post]
10 Oct 2013, 4:00 am
It provides, in pertinent part, “Should a member discontinue city-service except by death or retirement, he or she shall be paid such part of the amount of the accumulated deductions standing to the credit of his or her individual account in the annuity savings fund as he or she shall demand. [read post]
5 Oct 2013, 11:17 pm
Retirement Fund of the Firemen's Annuity and Benefit Fund of Chicago seem poised to prevail, unlike the plaintiffs in Kanerva. [read post]
1 Oct 2013, 10:07 am
Next, ensure that the language in each trust, insurance policy, annuity or retirement vehicle is updated regularly to reflect your current wishes. [read post]
17 Sep 2013, 9:35 pm
Tomorrow the defendants are likely to argue that a "pension" is commonly understood as an annuity - a fixed sum paid from protected funds which is set at the time of retirement based on factors like the retiree's final pay and years of service. [read post]
12 Sep 2013, 8:09 am
A variable annuity, by contrast, works more like a mutual fund. [read post]
10 Sep 2013, 12:50 pm
Retirement Fund of the Firemen’s Annuity and Benefit Fund of Chicago, which is set for argument tomorrow morning, September 11. [read post]
6 Sep 2013, 6:45 am
The investment options typically include mutual funds that invest in stocks and bonds. [read post]
5 Sep 2013, 10:57 am
Many people are simply unaware of the details of who their designated beneficiaries are for life insurance, retirement accounts and annuities. [read post]
