JD Supra

SEC Adopts New Rule 498A for Variable Contracts

On March 11, 2020, the U.S. Securities and Exchange Commission adopted new Rule 498A under the Securities Act of 1933, as amended, and related form and rule amendments. The new rule and amendments are ...
JD Supra

SEC grants no-action relief to delay payment from variable insurance contracts to protect vulnerable adults in cases of suspected financial exploitation

An insurance company that meets the conditions for relief may place a temporarily hold on the payment of redemption proceeds from the subaccount investment options under a Direct Held Variable ...
Think Advisor

Insurers Hope to Change Annuity Regulation Draft

Annuity issuers are asking state insurance regulators to rewrite draft rules for a hot category of variable annuity contracts. The insurers told the Index-Linked Variable Annuity Subgroup — an arm of ...
Forbes

Money Now, Taxes Later With Prepaid Forward Contracts

If your uncle, best friend or bank loans you money, is it taxable? Nope, not if it’s a real loan. But the loan or income distinction lands many people in trouble with the IRS. Besides, interest rates ...
Financial Planning

RILA sales surge as advisors steer annuities into client retirement portfolios

Sales of variable annuities reached their highest quarterly level in more than five years, with the hottest flavor of the insurance-like contracts driving the upswing, according to preliminary data ...