Deferred Annuity

3 July 2009

Deferred Annuity

Deferred annuities make the best use of the savings advantages offered by annuities. Because the interest earned on a deferred annuity is tax-deferred, your gains are not taxed until withdrawn. This allows your investment to compound faster. In the long run, a deferred annuity can significantly outperform the return from a traditional savings account and Certificates of Deposit. Take a look at the comparison.

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In order to take advantage of the
tax-deferral savings, plan on keeping your investment for five years or more. If you are retiring soon and need paychecks within the year, consider the immediate annuity.

Contributions to a deferred annuity can be made in a single premium payment or in several installments, depending on the product. The payouts can begin when you choose and last as long as you wish.

There are three basic types of deferred annuities available. Fixed deferred annuities accumulate interest based on a fixed rate. Variable deferred annuities accumulate interest based on the performance of subaccounts. Equity-indexed annuities grow based on a stock or equity-based index.

If you are looking to maximize your retirement savings, deferred annuities may be just what you've been looking for.

Note: AccuQuote does not sell variable annuities. The information about variable annuities/registered products is provided for educational purposes only.

Call AccuQuote today at 1-800-875-4764!