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5 Cards in this Set
- Front
- Back
Exclusion ratio |
Investment divided by expected payments Exclusion ratio |
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Inclusion ratio |
1- exclusion ratio |
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How much of premium subject to tax? |
Back (Definition) |
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QLACs ( qualified longevity annuity contract) |
A maximum of $145,000 Purchase in an IRA or defined contribution retirement plan Must be annuitize no later than age 85 Variable and indexed annuities are not permitted |
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Indexing methods for equity indexed annuity |
Annual reset (ratcheting) High watermark method Point to Point method |