For purposes of this section and sections 402, 403, and 404, the term “annuity” includes a face-amount certificate, as defined in section 2(a)(15) of the Investment Company Act of 1940 ( 15 U.S.C., sec. 80a–2 ); but does not include any contract or certificate issued after December 31, 1962 , which is transferable, if any person other than the trustee of a trust described in section 401(a) which is exempt from tax under section 501(a) is the owner of such contract or certificate.


26 USC § 401(g)

Scoping language

For purposes of this section
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