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Ther is probably a penalty involved, but most annuities will allow you to draw 10-15% for emergency without penalty. You should ask your provider about this.

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16y ago

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What is a deferred annuity?

An annuity that will not begin until some time period in the future.A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you start to withdraw from the annuity. It is a way of compounding interest on the money you would normally paid taxes on if not in a ta deferred annuity. In a way it is like using the government's money to make you money.


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Why should everyone have annuity insurance?

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