What Are Commercial Annuities?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Commercial Annuities are contracts between an individual and a company that sells annuity products. The businesses that sell them are insurance companies or banks. Commercial annuities can pay a higher interest rate than other annuities. Because of this, the income that is received when drawing payments from the annuity have different tax implications than other annuities.
    Answered on September 15, 2013
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