The document outlines the terms and conditions of a Private Placement Variable Annuity (PPVA) issued by an insurance company to U.S. individual investors or trusts. It details the payment structure, investment options, and tax implications of the PPVA, including the ability to designate a tax-exempt entity as a beneficiary. The PPVA is designed to comply with sections 72 and 817 of the Internal Revenue Code.
doj/DataSet10/EFTA01454373.pdf
{"document_type":"financial","document_subtype":"Private Placement Variable Annuity (PPVA)","key_organizations":["Insurance Company"],"reference_numbers":["DB-SDNY-0112439","SDNY_GM_00258623","EFTA01454373"]}