What Should I Know About Annuities?

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   David RacichPRO

   Fountain Hills, Arizona

   Non-qualified deferred annuities accumulate tax deferred. If you annuitize your annuity for lifetime income you can’t out live, the basis is paid over your life expectancy tax free as part of the payment until it’s exhausted. Mortality credits are added to the interest rate crediting a stream of income that can be competitive with other interest bearing accounts.
    

   Answered on June 23, 2013

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