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 2 contracts
Sources: Customer Agreement, Customer Agreement
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 2 contracts
Sources: Customer Agreement, Customer Agreement