Tax Deferral

What tax-deferred growth may mean in an annuity.

Tax deferral generally means gains inside the contract are not taxed until money is withdrawn, subject to applicable tax rules. This can affect timing, compounding, and withdrawal planning.

• Withdrawals may be taxable and may face penalties before age 59 1/2.
• Qualified and non-qualified annuities can have different tax treatment.
• Rollovers and exchanges should be reviewed with qualified tax and financial professionals.

This page is not tax advice. Always confirm tax treatment with a qualified tax professional.