Insights Maximizing the Power of Old Annuities Through Private Placement

Trevor J. Hamilton

Oct 26, 2021
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Highlights

  • High-net-worth individuals may own several annuities that they’ve purchased at various times during their lives.
  • These retail annuities often come with high fees, unnecessary riders, opaque investment options, and adverse tax consequences.
  • For such individuals, a private placement variable annuity (PPVA) may offer an attractive solution, including lower fees, streamlined management, and deferred income tax recognition.
  • PPVAs may be especially attractive for those planning gifts to charities or leaving assets to beneficiaries through a trust-held annuity.


 

Senior Life Insurance Advisor