QUALIFYING LONGEVITY
ANNUITY CONTRACT

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Why QLAC Quote?

Compare and choose what is in your best interest with instant QLAC rates direct from the annuity companies.  We do NOT charge fees. QLAC Quote is free to use to the public. The QLAC carriers do NOT charge an annual fee. QLAC companies pay us a small commission for processing your digital application.

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What is a QLAC?

Summer of 2014, the IRS and Treasury Department finalized the creation of qualifying longevity annuity contracts, or QLACs, under the required minimum distribution (RMD) rules of Internal Revenue Code section 401(a)(9). Providing an exception to the RMD rules allowing an IRA owner to use the lesser of 25% of account owners total IRA account balance or $125,000 to deferred income annuity or longevity annuity that provides no cash value and promises income payments no later than age 85. The only retirement tool that would provide protection against the longevity “risk” and not require the IRA account owner to distribute RMD tax up until age of 85 from a QLAC.