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.
