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 IRA and roll it over to an IRA of value of any QLAC you hold in this IRA is not included in his/her own, less that year's RMD.

Appears in 3 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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Qualifying Longevity Annuity Contract (QLAC). The fair market his/her share of your SIMPLE IRA XXX and roll it over to an IRA XXX of value of any QLAC you hold in this IRA 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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