Λεπτομέρειες βιβλιογραφικής εγγραφής
| Τίτλος: |
Retained Asset Accounts: A Critical Component in Financial Planning. |
| Συγγραφείς: |
Bisco, Jill1 jmbisco@ilstu.edu, Gradisher, Suzanne M.2 smg16@uakron.edu |
| Πηγή: |
Journal of Financial Service Professionals. Jan2026, Vol. 80 Issue 1, p51-60. 10p. |
| Θεματικοί όροι: |
*Financial planning, *Life insurance, *Financial planners, *Financial risk, *Financial security, *Bank accounts, Beneficiaries |
| Περίληψη: |
Retained asset accounts (RAAs) enable insurers to hold life insurance proceeds and use these funds in their operations while paying interest to beneficiaries. These accounts lack Federal Deposit Insurance Corporation (FDIC) protection, offer limited protection from state insurance guaranty funds, and are subject to creditor claims, which exposes beneficiaries to financial risks. It is crucial for financial advisors to understand the role of RAAs in their clients' financial portfolios and to ensure that clients receive thorough disclosures and guidance on managing these accounts effectively. [ABSTRACT FROM AUTHOR] |
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