What Is A Split Annuity
The Split Annuity is a combination of an immediate annuity and a deferred annuity, structured to provide immediate income, much of which is after tax dollars (return of premium), while returning the original premium (before taxes).
The income is guaranteed for the length of the contract, while the deferred dollars grow at current, tax-deferred interest rates.
A single premium is used to fund the Split Annuity. Annuity Companies issue two contracts, one for the guaranteed income and one for tax deferred growth.
The Split Annuity offers a guaranteed monthly income.
The Split Annuity features competitive interest rates, tax-deferred growth and partial withdrawal options.
The Split Annuity is flexible. A new income stream may be developed from the deferred annuity proceeds at a later date. The deferred annuity also allows for additional partial withdrawals, plus the continued tax-deferred growth eventually “replaces” the immediate annuity premium.
What is a Tax-Deferred Annuity? A tax-deferred annuity is a contract between you and the insurance company with guaranteed interest and guaranteed annuity income options. There are no upfront sales charges or administrative fees during the life of your contract.
Advantages of Tax-Deferred Annuities include tax deferral, stability, may avoid probate, liquidity features, and guaranteed income.
One of the primary advantages of deferred annuities is the opportunity to accumulate a substantial sum of money by allowing your premium and interest to grow tax-deferred. Unlike taxable investments, you pay no taxes on your annuity interest until you begin to take withdrawals or receive income. This allows your money to grow faster than in a taxable account, because you earn interest on the money that would have otherwise been paid in taxes.
posted by Nishanth Technologies at 3:05 AM
1 Comments:
This way my friend Wesley Virgin's biography starts in this SHOCKING AND CONTROVERSIAL video.
You see, Wesley was in the army-and shortly after leaving-he unveiled hidden, "self mind control" tactics that the CIA and others used to get everything they want.
These are the exact same secrets lots of celebrities (especially those who "became famous out of nothing") and elite business people used to become rich and famous.
You've heard that you use only 10% of your brain.
Really, that's because most of your BRAINPOWER is UNCONSCIOUS.
Maybe this expression has even occurred IN YOUR very own head... as it did in my good friend Wesley Virgin's head around 7 years ago, while driving an unlicensed, beat-up garbage bucket of a car without a driver's license and on his bank card.
"I'm absolutely frustrated with living paycheck to paycheck! Why can't I become successful?"
You took part in those thoughts, ain't it so?
Your success story is waiting to happen. You just have to take a leap of faith in YOURSELF.
Watch Wesley Virgin's Video Now!
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