Annuities are worth considering when you're currently at the maximum contribution levels for your pension plan and Individual Retirement Account or are receiving a distribution of a retirement plan or pension plan. The interest you earn on an annuity is not subject to state or federal taxes until you begin to make withdrawals. Your annuity grows faster than a taxable investment at the same rate. Guaranteed death benefit. The beneficiary is guaranteed by the insurance company to receive no less than the amount of the total payments minus withdrawals.
Some annuities provide an increasing death benefit.
Many distribution options. Multiple payment options are available when you are ready to begin receiving your annuity income. There are even more reasons that make annuities such attractive investments. Click to learn more . 1 Annuities are offered through U.S. Bancorp Insurance and Investments, Inc. in Wyoming.