ACGA Issues New Suggested Gift Annuity Rates
Summary
The American Council on Gift Annuities board of directors held its semi-annual meeting on April 28, 2010. At the meeting the Rates Committee recommended a new schedule of gift annuity rates effective July 1, 2010.
Full Text:
The American Council on Gift Annuities board of directors held its
semi-annual meeting on April 28, 2010. At the meeting the Rates
Committee recommended a new schedule of gift annuity rates effective
July 1, 2010, and the Board approved that schedule. A full report of
the Rates Committee’s work over the last two years was made at the 29th
Conference on Gift Annuities in New Orleans at the Thursday luncheon.
The new schedule of
maximum suggested rates reflects slightly higher rates up through age
81, with all rates qualifying at a CFMR of 3.2% or higher. The new rate
recommendations are effective July 1, 2010.
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