Exchange Annuities at We The People, Inc. of the United States

Exchange your current annuity at the Full Accumulation value for a Tax Deductible Gift Annuity from We The People, (WTP)

The Tax Deductible Gift Annuity is a contract that pays out for life or a term of years, and is defined in general in section 501(m) (5) of the Internal Revenue Code.

We The People offers financial advisors and their clients the ability to exchange a variety of assets including annuities with surrender fees.

Exchanging an Annuity, here’s how it works:

• Transfer ownership of your current annuity to WTP by completing a simple change of ownership form.
• WTP absorbs all surrender penalties and issues a new WTP Tax Deductible Gift Annuity at the full accumulation value.
• Fixed, tax favored payout can begin immediately or it can be deferred to a later date, and the payout stream can be directed to children or heirs.
• You receive a generous tax deduction. This deduction can be applied to your tax return and is used to lower your adjusted gross income reported to the IRS for the first year and 5 years of carry-forward, if applicable.

We The People Inc. of the United States, in accordance with U.S. IRS Code and regulation provides simple plans that extend tax relief to individuals and families nationwide. WTP is a Massachusetts 501 (c) (3) organization. WTP does not provide tax, legal, investment or financial advice. Individuals should seek tax, legal, investment, and financial advice from an independent professional advisor.