Broker Check
Carla Meyer, CPA

Carla Meyer graduated from University of St. Louis Missouri in 1982 with a BSBA with major of Accounting. She became a C.P.A. in 1984 and has worked in the public accounting industry serving small business and individuals ever since. She has extensive experience in preparing Corporation, Partnership, Sole proprietors’ tax returns and nonprofit organization returns as well. She also works with individuals in the areas of tax preparation and planning, trust and estate tax return preparation, and individual tax matters. As a Quick Books advisor she works with clients to train, setup, and maintain their QuickBooks files and help in all small business matters.

 

Material that discusses the tax-deferral feature of variable annuities should disclose that:
Any withdrawals may be subject to income taxes and prior to age 59½, a 10% federal penalty
tax may apply to the taxable amount. Withdrawals from annuities will affect both the cash
value and the death benefit.
When discussing death benefit features, the RAP should add:
While there is no risk to the original principal if the annuitant should die during the
accumulation period, both the investment return and principal value of variable annuities will
fluctuate in response to changing market conditions.
When mentioning guarantees, it should be noted that:
The guarantees are based on the claims-paying ability of the issuing insurance company.
No representation or implication that a guarantee applies to investment return or principal
value of a separate account may be included.
Any reference to the ratings of the underlying insurance company must be accompanied by
a disclosure explaining the relevance of these ratings to the variable annuity contract. Material
must clearly reflect that ratings do not apply to the variable annuity or the underlying accounts,
which are subject to market risk and will fluctuate with changes in market conditions.
Any reference to variable annuity sales charges should include specific information on the
Contingent Deferred Sales Charge/surrender charge:
A Contingent Deferred Sales Charge may apply to withdrawals during the surrender period,
usually within the first 7-10 years.
Material that discusses the tax-deferral feature of variable annuities should disclose that:
Any withdrawals may be subject to income taxes and prior to age 59½, a 10% federal penalty
tax may apply to the taxable amount. Withdrawals from annuities will affect both the cash
value and the death benefit.
When discussing death benefit features, the RAP should add:
While there is no risk to the original principal if the annuitant should die during the
accumulation period, both the investment return and principal value of variable annuities will
fluctuate in response to changing market conditions.
When mentioning guarantees, it should be noted that:
The guarantees are based on the claims-paying ability of the issuing insurance company.
No representation or implication that a guarantee applies to investment return or principal
value of a separate account may be included.
Any reference to the ratings of the underlying insurance company must be accompanied by
a disclosure explaining the relevance of these ratings to the variable annuity contract. Material
must clearly reflect that ratings do not apply to the variable annuity or the underlying accounts,
which are subject to market risk and will fluctuate with changes in market conditions.
Any reference to variable annuity sales charges should include specific information on the
Contingent Deferred Sales Charge/surrender charge:
A Contingent Deferred Sales Charge may apply to withdrawals during the surrender period,
usually within the first 7-10 years