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Annuities & Pensions Insurance Q & As
Question 26 of 31 in Basics
What are the tax advantages of an annuity?
Like a life insurance contract, annuities defer your taxability on the buildup of the value of your investment. Also, you can defer taxes on money paid out as an annuity, since you pay tax on the payments as you get them rather than all at once. Tax laws are complex. Check with your tax advisor before you act.