The following is true of QLAC IRA, EXCEPT:

Changes to the joint annuitant can be made during deferral if it's with a

spouse and the Return of Premium is selected.

The maximum premium is up to $$200,000$ of client's Traditional IRA holdings.

The Deferral Period Death Benefit is not available.

The only two income plan options available are Single$/$Joint Life Only and

Single$/$Joint Life with Return of Premium.