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sure. unless your creditors have good lawyers. Best way to steal is still robbing a bank my friend.
Wiki User
∙ 13y ago
Guaranteed annuities are typically protected from creditors in some states, known as "judgment-proof." This protection varies by state law and the type of annuity involved. It's important to consult with a legal professional familiar with your state's laws to understand how annuities are treated in the event of a judgment against you.
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Are annuities judgment proof in the state of Georgia?
In the state of Georgia, annuities are generally protected from creditors and are considered to be judgment proof if they meet certain criteria set by state law. This protection applies to qualified annuities, which are typically purchased through retirement accounts such as IRAs or 401(k) plans. Non-qualified annuities may have limited protection under certain circumstances. It is advisable to consult with a legal professional for specific advice on protecting assets from creditors in Georgia.
What is the accumation period for immediate annuities generally?
The accumulation period for immediate annuities is typically very short or even nonexistent. Immediate annuities start making payments to the annuitant shortly after the initial lump-sum premium is paid, usually within a month.
Can you get a license to sell annuities in Ohio if you have a felony?
It is possible to get a license to sell annuities in Ohio with a felony, but it will depend on the nature of the felony, how recent it was, and other factors. You would need to disclose your felony on your license application and undergo a review by the state insurance department. Each case is considered on an individual basis.
Are annuities safe during depression?
Annuities can provide a level of safety during a depression as they offer a guaranteed income stream over a specified period or for life. However, the safety of annuities can vary based on the financial stability of the insurance company issuing the annuity. It's essential to research and choose a reputable and financially secure company when considering purchasing an annuity during uncertain economic times.
Where can one get more information about a pension annuity?
You can learn more about pension annuities by reaching out to your pension provider, consulting a financial advisor specializing in retirement planning, or researching reputable financial websites and publications. They can provide information on how pension annuities work, the types available, their pros and cons, and how to choose the right option for your retirement income needs.
Are tax deferred annuities exempt from civil judgment?
No.
Are annuities judgment proof in the state of Georgia?
In the state of Georgia, annuities are generally protected from creditors and are considered to be judgment proof if they meet certain criteria set by state law. This protection applies to qualified annuities, which are typically purchased through retirement accounts such as IRAs or 401(k) plans. Non-qualified annuities may have limited protection under certain circumstances. It is advisable to consult with a legal professional for specific advice on protecting assets from creditors in Georgia.
What are variable annuities?
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
What are ING variable annuities?
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
Can a fixed annuity have a minimum interest rate and a flexible premium payment schedule?
Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are). Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.
Is social security disability judgment proof in Missouri?
Social Security Disability and Social Security is judgment proof from debtors in all states.
Where can a person get a guaranteed annuity?
Guaranteed annuities are sold by major insurance companies such as Met Life and Prudential. This form of product is recommended by several retirement planners who might be a good source of purchasing information.
Can a judgment creditor take your retirement 401 or annuities?
It really depends on which state you live in. Every state has different rules about who can garnish what types of income. Most states do not allow 401K or annuities to be garnished for any reason.
What has the author Michael F Lane written?
Michael F. Lane has written: 'Guaranteed Income for Life' -- subject(s): Variable annuities
Is judgment proof legal in Kentucky?
Yes, judgment proof is legal in Kentucky. Judgment proof refers to a situation where a defendant does not have sufficient income or assets to fulfill a court-ordered judgment. In such cases, the court is unable to enforce collection of the judgment against the defendant.
What is a right guaranteed by the bill of right?
One right that is guaranteed is that you cannot go to jail if the police don't have enough proof that it is you.
What are three types of insurance annuities?
Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.
