Split-Funded Annuity

外汇网2021-06-19 13:54:35 44

A type of annuity that uses a portion of the principal tofund immediate monthly paymentsand then savesthe remaining portionto funda deferred annuity.The two funding methods let the annuity holder receive dependable incomeandsimultaneously save for future needs.

Using a split-funded annuitymeans that inpiduals do nothave to wait for the annuity to reach the payout phase, because the stream of income begins immediately.At the same time, the annuity's remaining balance compounds tax deferred.

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