Annuity Transfer Program

Do you own an annuity?

  • Are you satisfied with the performance of your annuity?
  • Are surrender penalties limiting your options?
  • Do you want to save money on your taxes?
  • Are you concerned about passing tax consequences to your heirs?


Our Annuity Transfer Program provides these benefits:

  • Immediate income tax deduction
  • Fixed tax-favored income for life or a specified number of years
  • Immediate or deferred income payments
  • A new contract reflecting accumulated value*
  • Reduction or elimination of applicable estate tax
  • Reinsurance on most transactions
  • The ability to support your favorite charities and other charitable causes worldwide


Example:

Bill and Betty Miller, ages 75 and 74, are unhappy with the earnings and performance of their deferred equity indexed annuity.

Their annuity is valued at $107,000 and has a cost basis of $100,000. The surrender penalty is 8%.* Bill and Betty can transfer their existing annuity a Charitable Gift Annuity (CGA) or a Charitable Installment Purchase (ChIP) in the amount of $107,000, which would provide:

CGA
(Lifetime Income)
ChIP
(25 Year Payout)
Immediate Income Tax Deduction $37,751 $49,248
Tax Savings $9,438 $12,312
Annual Payout $6,202 $4,925
Total Payout $111,631* $123,125

*Annual payments continue for life.
Total payout based upon life expectancy.

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