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Security Benefit removes surrender charges for ClearLine commission-free annuity

Security Benefit removes surrender charges for ClearLine commission-free annuity
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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Tarlogic, Da Veiga, Ceao Motor y World Fishing, gallegas top en 'Financial Times'

Tarlogic, Da Veiga, Ceao Motor y World Fishing, gallegas top en 'Financial Times'
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Security Benefit Gains Favorable Tax Treatment for Advisory Fees on Annuity Contracts


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IRS decision allows financial professionals to streamline the use of annuities in their practices
Security Benefit today announced that it has received a favorable private letter ruling (PLR) from the Internal Revenue Service (IRS) that payment of certain investment advisory fees from an annuity contract are not treated as a taxable event by the contract owner. This provides financial professionals and their clients with greater flexibility to incorporate non-qualified fee-based annuities in their portfolios.
We are pleased to receive this favorable treatment from the IRS for our already fast-growing annuity business, said Mike Reidy, Director of RIA Distribution for Security Benefit. It represents the removal of a barrier to greater annuity adoption by registered investment advisors and their clients. ....

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