Securities & Exchange Commission v. United Benefit Life Insurance

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that deferred annuity contract not exempt because it is essentially \investment contract\ during accumulation phase
• holding that deferred annuity contract not exempt because it is essentially “investment contract” during accumulation phase
• holding insurance company’s “Flexible Fund Annuity” contract an investment contract
• guoting SEC v. Variable Annuity Life Ins. Co. of Am., 359 U.S. 65, 75 (1959) (\VALIC\) (Brennan, J., concurring)
• “The basic difference between a contract which to some degree is insured and a contract of insurance must be recognized.”
• portion of premium paid for variable component of mixed variable- and fixed-annuity contract

Source: CourtListener parenthetical corpus (CC0).