Question: Why is it important to check an insurance company s financial
Why is it important to check an insurance company’s financial ratings when buying an annuity? Why should you look at past performance when considering the purchase of a variable annuity?
Answer to relevant QuestionsBriefly describe the main characteristics of defined contribution and defined benefit pension plans, and discuss how they differ from cash-balance plans. In each of these plans, does the employee or employer bear the risk of ...1. Discuss and contrast the features of the retirement plans offered by Analytical Solutions and Precision Manufacturing.2. Which plan do you think is more desirable? Consider the features, retirement age, and benefit ...Explain these terms:(a) Intestacy(b) Testator(c) Codicil(d) Letter of last instructions.What is a gift, and when is a gift made? Describe the following terms as they relate to federal gift taxes:(a) Annual exclusion(b) Gift splitting(c) Charitable deduction(d) Marital deduction.Use Worksheet 15.2. When Russell Hypes died unmarried in 2012, he left an estate valued at $7,850,000. His trust directed distribution as follows: $20,000 to the local hospital, $160,000 to his alma mater, and the remainder ...
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