Group Fixed and/or Variable Deferred Annuity Contracts ...
Deferred Annuity: Grows tax free like a 401K. Single Premium Deferred – lump sum, single payment with deferred payouts. Flexible Premium Deferred – several payments with deferred payouts. Immediate Annuity: Payouts start soon after contract signed, payouts are taxed at income tax rates. Must be purchased with lump sum. ................
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