IRS Sends Security Benefit an Annuity Advisory Fee Letter Ruling

February 17, 2021 by Allison Bell

Security Benefit today said that it has an Internal Revenue Service interpretation that should make offering fee-based annuities cheaper and easier, both for the fee-based advisors and for the clients.

The Topeka, Kansas-based company has received an IRS private letter ruling that will allow the company to pay fees to advisors directly from an annuity contract’s cash value, without creating a taxable event for the contract holder.

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Originally Posted at ThinkAdvisor on February 16, 2021 by Allison Bell.