Can A Business Own A Fixed Annuity?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA fixed annuity is an annuity that pays interest at a guaranteed rate. There are two types, immediate and deferred. A business can own an immediate annuity. If the business were to buy a fixed deferred annuity it would not receive favorable tax treatment unless it was a part of the estate of deceased natural person, or was held within a qualified plan.Answered on November 4, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! There are a great number of companies that hold fixed annuities as part of their retirement benefit plans. In some cases they are offered as an investment option for the employees, in other cases the company holds them to be able to fund the employee benefits to be paid at some later date. The annuities ensure the availability of income at that later date. Thank you for asking!Answered on December 6, 2014flag this answer
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