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TAX-DEFERRED GROWTH
(why it's better)
As cash values build in the annuity, they do so without current income taxes. This treatment is called tax-deferred growth. Over time, more money will be accumulated when taxes are deferred. The reason is a 3-part benefit: Policy owners earn interest on the cash, interest on their interest, and interest on money they would otherwise pay in taxes reach year.
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Please click Molly. She's become quite an expert on this important tax advantage.
In a way that will surprise you, this short video explains the power of compound interest and tax-deferred growth.
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