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What is an O share on an annuity?

Updated: 9/24/2023
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Q: What is an O share on an annuity?
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How are annuity death benefits determined?

That depends on a number of factors. First what are the guidelines within the annuity itself. Second if there are named beneficiaries then if there are proceeds to be distributed they would receive their share. Third it all depends on how the purchaser of the annuity chose to have the proceeds distributed.


Do you pay taxes on income earned in an annuity?

If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.


What is the primary difference between an annuity and a compound annuity?

difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity


What is monthly annuity?

The option to get annuity every month is called monthly annuity.


What gains more interest an ordinary annuity or an annuity due?

ordinary annuity


What The differences between ordinary annuity and annuity due?

ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period


What The difference between ordinary annuity and annuity due?

ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period


Annuity loans are what type of loan exactly?

Annuity loans are when an annuity holder borrows money against the value of an annuity contract. It allows one to access funds without having to cash out their annuity immediately.


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Your annuity policy document should have all the withdrawal provision detailed for you. If not contact the company you have the annuity with and they can give you instructions. Before you withdraw from an annuity be aware of the tax treatment of your annuity withdrawals.


What is a non qualifying annuity?

Perhaps you meant a "non-qualified" annuity? If so, a nq annuity is an annuity purchased with after-tax dollars; conversely, a qualified annuity is one purchased with pre-tax dollars, such as in an IRA or a TSA.


What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?

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Where can the best annuity rates be found online?

There are many websites where one can find annuity rates. Some of these include Annuity FYI, Fidelity, USInsuranceOnline, and Annuity Rates Instantly.