Common use of Qualifying Longevity Annuity Contract (QLAC) Clause in Contracts

Qualifying Longevity Annuity Contract (QLAC). The fair market his/her share of your SIMPLE XXX and roll it over to an XXX of value of any QLAC you hold in this XXX is not included in his/her own, less that year's RMD.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

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Qualifying Longevity Annuity Contract (QLAC). The fair market his/her share of your SIMPLE XXX IRA and roll it over to an XXX IRA of value of any QLAC you hold in this XXX IRA is not included in his/her own, less that year's RMD.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

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