Similar to an IRA account, the accumulated interest remains tax free throughout the accumulation period or until the purchaser begins to receive payments at the annuity’s maturity date.
As Life Insurance
Thus, for the purpose of “life insurance” coverage, an annuity purchase should occur earlier rather than later.
- For more information on life insurance, click on the linkes below:
Inexpensive life insurance for seniors
Importance of insuring the wage earner
Do women need life insurance? Yes or No?