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TAX-DEFERRED GROWTH
(why it's better)
As cash values build in the annuity, they do so without current income taxes. This treatment is called tax-deferred growth. Over time, more money will be accumulated when taxes are deferred. The reason is a 3-part benefit: Policy owners earn interest on the cash, interest on their interest, and interest on money they would otherwise pay in taxes reach year.
Please click Molly. She's become quite an expert on this important tax advantage.
In a way that will surprise you, this short video explains the power of compound interest and tax-deferred growth.
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