What are the advantages of an annuity?
ANSWER:
Tax-deferred Interest Accumulation
The interest earned on an annuity premium is not subject to current taxation until it's withdrawn from the Contract. This allows for a potentially greater cash build-up than if income taxes were payable on accumulating interest as earned.
Competitive Current Interest
Current annuity interest rates generally are competitive with those from other fixed-interest vehicles.
Safety/Guarantees
The value of your annuity is backed by the assets of the insurance company. And all fixed annuities offer a minimum interest rate guarantee.
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Health Savings Accounts
You can use this account to pay for your qualified health expenses, including expenses that the plan ordinarily doesn’t cover, such as eyeglasses and hearing aids.
Expenses paid out of the HSA that are eligible expenses under your high-deductible health plan will count toward the plan’s deductible.
