Annuity Unique Tax Advantages

Savings accounts, money market funds, CDs and other taxable investments lose a significant amount of each year's interest earnings to income taxes. However, with an annuity, the income tax on interest credited is deferred as long as it remains a part of the accumulation value. In other words -- your principal earns interest; your interest earns interest; and the money that you would have paid in taxes earns interest! As a result, the growth of your annuity is significantly increased.