What is a Fixed Tax-Deferred Annuity?

A fixed deferred annuity also referred to as a tax-deferred annuity or a deferred single premium annuity, is a contract between you and an insurance company for a guaranteed interest bearing policy with guaranteed income options. The insurance company credits interest, and you don’t pay taxes on the earnings until you make a withdrawal or begin receiving an annuity income. Your annuity contract earns a competitive return that is very safe.

2017-06-02T15:47:17+00:00June 2nd, 2017|Categories: Annuity News|