Annuity Marketing FIG  FIGAnnuity Marketing Solutions. Innovative Case Construction and Support from Start to Finish. Each Annuity Sales Consultant makes it their top priority to provide you with effective case construction, stimulating sales ideas and up to date market analysis with outstanding service and unparalleled support. We are the partner that you can rely on to help grow your business. You get more than just a consultant when you work with the annuity division you get an entire team to serve you on a daily basis. We are motivated individuals that actually love coming to work each day and you can feel that energy when you speak with us on the phone or come into our office. We not only assist with product selection based on your clients needs, we educate ourselves on a variety of other topics that come up in a financial planning practice to ensure we are recommending the best marketing and business strategies for each of our advisors. Chad Blanton, Vice President of Sales Annuity Division. Get Contracted. Assistance with Necessary Documents Needed To Contract with Any of Our Carriers. Annuity Lead Programs' title='Annuity Lead Programs' />As an independent marketing organization, Financial Independence Group, Inc. Our marketers consistently research the insurance marketplace for carriers who are financially strong and offer outstanding products and service. Annuity Lead Programs' title='Annuity Lead Programs' />About ZapFile. More than just a BestofClass Cloud Data Storage. ZapFile is a secure cloud storage solution, which lets you store, access, share and backup all of. Apply for our student and graduate programs to learn from real work experience, connect with valuable contacts in your industry and kickstart your career. Federal Human Resources Office J1Manpower Personnel The Federal Human Resources Office J1Manpower Personnel Directorate provides personnel support services. Learn why over 1,900 agents and advisors have worked our annuity leads. Learn how we scrub and quality our annuity leads. We are not an FMO. Annuity Lead Programs' title='Annuity Lead Programs' />Rely on our annuity marketing services. Our Annuity Lead Program includes a list of suggested lead vendors. Financial Independence Group, Inc. Contracting can be an arduous task. Our sales consultants can provide all of the necessary documents needed to contract with any of our carriers. Once the paperwork is returned to our office, our contracting department reviews the contract for completeness and submits it to the home office for processing. Annuity Lead Programs' title='Annuity Lead Programs' />Our contracting department contacts the home office weekly to determine the status of the contract until the agent is contracted with the carrier. The contracting departments goal is to ensure that each contract is efficiently processed so that the agent can offer the right product to meet their clients needs. Let us know how we can help contract you with any of our outstanding carriersCharitable Lead Trust Planned Giving Design Center. Introduction. Technical Overview. Charitable Contribution Deduction. Taxation of Charitable Lead Trusts. Income Tax Considerations for Grantors and Beneficiaries. Transfer Tax Considerations. Private Foundation Excise Tax RulesIntroduction. Charitable lead trusts CLTs are designed to provide income payments to at least one qualified charitable organization for a period measured by a fixed term of years, the lives of one or more individuals, or a combination of the two after which, trust assets are paid to either the grantor or to one or more noncharitable beneficiaries named in the trust instrument. Also referred to as a charitable income trust, the term charitable lead trust is used more commonly because the payment of the income interest to charity leads or precedes the payment of the remainder interest. In theory, charitable lead trusts can be thought of as the inverse of charitable remainder trusts. In practice, however, many of the rules that govern the operation and taxation of charitable lead trusts differ significantly from those for charitable remainder trusts. For example, CLTs are not tax exempt entities as are charitable remainder trusts. The rules governing charitable remainder trusts are designed to protect the charitable remainder interest, whereas the rules governing charitable lead trusts protect the charitable income interest. Rocketdock Icon Pack Download. When appropriate, we will compare and contrast these two vehicles. Prior to 1. 96. 9, an individual could establish a trust that would make payments to charity for a period of years, exclude the income earned by the trust during its operating life from his or her own income, claim a current income tax charitable contribution deduction for the present value of the income stream passing to charity, and, at the end of the term, receive the remainder interest. Change Imei Iphone 4S Download Problems. Congress concluded, however, that allowing donors to exclude trust income and receive a charitable deduction gave them a double tax benefit. In response, the Tax Reform Act of 1. Further, the income paid to charity would have to take the form of a guaranteed annuity or unitrust interest, and be payable at least annually. After the 1. 96. 9 Tax Reform Act, planners quickly concluded that if the trust was drafted so the grantor was not considered the owner of the trusts income, no charitable income tax deduction would be available. However, neither would the grantor be treated as the owner of the trusts income for income tax purposes. This exclusion of income was equivalent to a 1. Further, even though the charitable income tax deduction was unavailable, such trusts could qualify for the gift and estate tax charitable deductions provided the lead interest consisted of a guaranteed annuity or unitrust amount. This type of trust came to be known as the nongrantor or statutory lead trust and would prove very useful for donors who desired to transfer assets to successor generations of the their family with little or no transfer tax cost. The design of charitable lead trusts in use today is based on two main themes 1 whether the trust income is considered owned by the grantor and therefore produces an income tax charitable deduction, and 2 whether the remainder interest reverts to the grantor or is paid to third parties such as members of the grantors family. There are four basic types of charitable lead trusts arising out of these themes Qualified reversionary grantor trust. Qualified nonreversionary grantor trust. Qualified nonreversionary nongrantor trust. Nonqualified reversionary nongrantor trust. Each type of trust produces different tax benefits that can be matched with the donors personal and philanthropic planning objectives. Following is a more detailed description of these trusts and how they are typically utilized Qualified Reversionary Grantor Charitable Lead Trusts. Qualified reversionary grantor charitable lead trusts are created during the life of the donor for the purpose of paying an income interest to charity for a term defined in the trust instrument after which, the remainder interest reverts to the grantor. Donors creating grantor CLTs receive a charitable contribution income tax deduction in the year the trust is created for an amount equal to the net present value of the income interest passing to charity. In order to qualify for income tax deduction purposes, the grantor must treated as the owner of the trusts income under the grantor trust rules of IRC 6. Accordingly, all income produced by the trust during the trust term, including amounts distributed to charity, is taxable to the grantor. On conclusion of the measuring term, the trust assets revert to the grantor or to the grantors estate. Qualified grantor lead trusts are particularly useful for donors who desire to make a multi year charitable pledge and accelerate the charitable deductions, that would otherwise be produced over the pledge period, into the first year. Example 1 Mrs. Green is considering a 5. In the absence of a charitable lead trust, she can claim a charitable contribution income tax deduction for the payments to charity in each year they are actually made. As an alternative, Mrs. Green transfers 1,0. The trust is designed to pay 5. Mrs. Green. Under this scenario, Mrs. Green will receive a charitable contribution deduction equal to the present value of the income interest being transferred to charity. The total amount to be distributed to charity over the five year period is 2. The present value of the income interest is calculated to be 2. The deduction can be used by the grantor subject to the percentage limitation and reduction rules of IRC 1. As mentioned previously, in order for the present value of the income interest to be deductible by the grantor for income tax purposes, the grantor must be treated as the owner of the trust. In other words, even though income is being paid to charity, it is considered as having been received by the grantor for income tax purposes. In the context of this example, Mrs. Green will receive a charitable income tax deduction in the amount of 2. All income earned by the trust, including capital gains and amounts paid to charity, will be considered earned by and, therefore, included in Mrs. Greens gross income just as if the trust does not exist. However, because Mrs. Green transferred tax exempt securities to the trust, however, she will not be required to include the interest from the bonds in her gross income. However, any gains from the sale or redemption of the bonds is produced will be taxable to Mrs. Green. Qualified Nonreversionary Nongrantor Charitable Lead Trusts. Qualified nonreversionary nongrantor charitable lead trusts are the most common form and are created for the purposes of paying an income interest to charity for a defined measuring term with the remainder interest transferred to one or more noncharitable beneficiaries named in the trust instrument. The grantors children and grandchildren are the most frequently named beneficiaries of these types of trusts. As its name suggests, a nongrantor trust does not qualify under grantor trust rules accordingly, the grantor does not receive a charitable income tax deduction however, none of the income produced by the trust is taxable to the grantor. Spider Riders Game on this page. A qualified nongrantor CLT is taxed as a complex trust.