Annuity Myths: Things Everybody Knows About Annuities

Tax deferral is, thus, a benefit to the annuity purchaser. But that benefit comes at a cost. Many annuity critics believe that this cost is a contractual one, that it is imposed by the insurance company that issued the annuity. This is simply untrue. No deferred annuity contract (variable or fixed) contains a charge for tax deferral. ................
................