When replacing a Me or annuity contract, the client has several options, including simply surrendering the old contract and purchasing a new one.  Under 1035 of the Internal Revenue Code, the owner of a life insurance, endowment, or annuity contract is allowed, under certain circumstances, the effect of like-kind exchange.

WHY DO WE READ ABOUT SO MANY ATHLETES IN THE POOR-HOUSE?  While you are playing, the checks are so big and come in so fast, you almost feel you can't come close to spending it all.  And you don't have time for a finance class in the off-season. If you play a position, you're battling for one of just 30 starting spots in the major leagues. Then you're done at 35, and you wake up and you have some decisions to make.

Looking for income during the golden years?  A fixed annuity may be the vehicle to help accomplish your goal.

Annuities may get more negative press than any financial product.  To hear the critics, they're overpriced and unfair to buyers.  Yet academics love them...

In case you missed it, annuities are hip.  After dipping in the early part of the decade, sales of variable annuities have surged, thanks to new products that add flexibility and remove some of the more onerous restrictions of older offerings.

Annuity Returns Demonstrate the Safety and Above Average Yields of Fixed Index Annuities  - (PRWEB) December 6, 2007 -- AnnuityAdvanatge.com announced today that according to recently compiled return data, fixed index annuities outperformed the average returns of traditional safe savings vehicles such as U.S. Savings Bonds and certificates of deposit over the last five years.

"Proving once again that they are a safe, stable way to grow money with no downside risk, fixed index annuities have become a great addition to an individual's retirement investment options," says Ken Nuss, CEO of AnnuityAdvantage.com, a one-stop annuity comparison and sales service.