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Did You Know?
Annuity tax-free exchanges, known as 1035 exchanges
Section 1035 of the U.S. tax code allows you to exchange an existing variable annuity contract for a new annuity contract without paying any tax on the income and investment gains in your current variable annuity account. These tax-free exchanges, known as 1035 exchanges, can be useful if another annuity has features that you prefer, such as a larger death benefit, different annuity payout options, or a wider selection of investment choices.
Newsroom
Latest news about Annuity cases in Hawaii and nationwide:
Duly Appointed Representative of the Insured's Estate
Definition:
An individual named in a court order granting the individual the authority to receive, or the right to possess, your property. The order must be issued by a court having jurisdiction over your estate.
Accidental Dismemberment
Definition:
Bodily injuries sustained solely through violent, external and accidental means, and as a direct result of the bodily injuries, independently of all other causes, and within 90 days afterwards, you lose your limb or eyesight.
Annuitant
Definition:
A former employee entitled to an annuity under a retirement system established for employees. This includes the retirement system of a nonappropriated fund instrumentality of the Department of Defense or the Coast Guard.
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Honolulu
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Kihei
Lahaina
Makaha
Makakilo City
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Nanakuli
Pearl City
Schofield
Barracks
Wahiawa
Waianae
Wailuku
Waimalu
Waipahu
Waipio
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