Non-qualified tax deferred annuities are very popular with long term savers or investors that have high tax brackets. Traditional back CD holders like annuities because the interest rates are generally higher than the bank and they don’t have to pay taxes until they use the money. Single premium immediate annuities with a life only option are very popular with seniors who desire lifetime income they can’t outlive.
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Non-qualified tax deferred annuities are very popular with long term savers or investors that have high tax brackets. Traditional back CD holders like annuities because the interest rates are generally higher than the bank and they don’t have to pay taxes until they use the money. Single premium immediate annuities with a life only option are very popular with seniors who desire lifetime income they can’t outlive.