A tax-deferred annuity contract that provides the annuitant with the ability to determine what the underlying investments should consist of. The annuitant is not required to pay taxes on the annuity until the funds are withdrawn and converted to cash. The Internal Revenue Service no longer allows an individual to shelter funds in a wraparound annuity if the underlying investments could be purchased without a tax deferral.
Related information about wraparound annuity:
- Wraparound Annuity Definition | Investopedia
A type of annuity that allows the investor (the holder of the annuity) control in the underlying investments in the annuity plan. An annuity is tax-deferred contract ...
- Wraparound Annuity: Definition from Answers.com
annuity contract allowing an annuitant discretion in the choice of underlying investments. Wraparound refers to the protection the annuity vehicle provides.
- Wraparound Annuity - Financial Dictionary - The Free Dictionary
Definition of Wraparound Annuity in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Wraparound Annuity? Meaning of ...
- What is wraparound annuity? definition and meaning
Definition of wraparound annuity: A tax-deferred annuity contract that provides the annuitant with the ability to determine what the underlying investments should ...
- W Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
Wraparound annuity: An investment that allows the annuitant the choice of underlying investments tax-deferred. Wraparound mortgage: A second mortgage that ...
- wraparound mortgage - Business Definition
world fund · worth · wrap account · wrap-up insurance · wraparound annuity · wrinkles · write off · writedown · writeoff · writer ...
- wraparound - Invest Definition
wrap account · wrap fee · wraparound annuity · wraparound loan · wraparound mortgage · Wright, Wilbur and Orville · wrinkles · write off · write-up · writedown ...
- wraparound loan - Invest Definition
WOW · Wozniak, Steven · wrap account · wrap fee · wraparound annuity · wraparound mortgage · wraparound · Wright, Wilbur and Orville · wrinkles · write off ...