Can Annuities Be Pledged As Collateral?

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   David RacichPRO

   Fountain Hills, Arizona

   Deferred annuities are personal property and somewhat of a liquid asset that can be pledged as collateral for bank loans. The “somewhat” is the surrender charges and ordinary income tax due upon the termination of the annuity. The surrender charges affect the collateral holder, the taxes affect the annuity owner.
    

   Answered on June 22, 2013

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