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Life and Health Insurance

QuestionAnswer
1035 Tax Free Exchange Allows for the assets of one unnuity/insurance policy to be trasferred to another and continue the tax-deferred status of the invested funds.
401 (k) Plan A profit-sharing plan allowing an employee the choice of takong income in cash or investing in a qualified plan.
457 Plan A Deferred Compensation plan arranged for employees of states, counties, and municipalities.
403 (b) Plan A qualified retirement plan for employees of public school districts. ( aka: a tax-sheltered annuity)
501 (c) (3) A non-profit organization.
Created by: Estudiar
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