There is little doubt that tax deferral is an important selling point for annuities. A Gallup Organization study showed that tax deferral is one of several important reasons that individuals buy nonqualified annuities.
74% 0f the owners of non-qualified annuity contracts believe that the government should give tax incentives to encourage people to save. Those under age 64 are more likely than those who are older to believe that the government should give incentives to encourage people to safe -81% of those under age 64, compared to 69% if those older than age 64.
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74% 0f the owners of non-qualified annuity contracts believe that the government should give tax incentives to encourage people to save. Those under age 64 are more likely than those who are older to believe that the government should give incentives to encourage people to safe -81% of those under age 64, compared to 69% if those older than age 64.
VNRAOdotNET