Where
Can I Use An Annuity ?
Annuities can be used for retirement plans such as IRA's and personal
LONG TERM accumulation plans.
What
Is An Annuity ?
Your contributions to the annuity and/or its earnings have the opportunity
to grow tax deferred. You don't pay income tax on any earnings as long
as you keep them in the annuity. In other words, earnings grow and compound
tax deferred until you withdraw them or use it to generate an income.
When you are ready to receive the income, you can choose how you receive
it-a stream of income over time or a lump sum.
Important
Information:
Withdrawls
from an annuuity prior to age 59 and half are subject to IRS Penalty.
Other restrictions may apply, refer to brochure for detailed
information.
To
obtain more information about, or to purchase an annuity product,
contact your agent or to receive information from us Email
us your request.
Please
consult with your accountant-tax advisor for tax questions.
Department
of Insurance is a source for regulatory information.
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