But wait, there’s more
The SecureGain ® 5 o ff ers these additional benefits to help you confidently navigate your future.
Tax treatment that allows faster growth One of the benefits of an annuity is the opportunity for your money to grow tax deferred. This means no taxes are paid until you take a withdrawal, so your money can grow at a faster rate than it would in a taxable product. The following chart shows how a purchase payment of $100,000 grows in a tax-deferred annuity compared to a taxable product over the course of 20 years.
$219,112
After paying a 24% tax on its earnings, the tax-deferred annuity outgrew the taxable product by more than $8,000.
Pre-Tax
$190,525 After 24% Tax on Earnings
$182,019
Taxable Product (24% Tax on Earnings Paid Annually)
Tax-Deferred Annuity (24% Tax on Earnings Paid at End of 20 Years)
Leave a legacy for your loved ones As you’re planning for the future, you probably want to know what will happen to your money when you’re gone. With the SecureGain 5, any death benefit is paid directly to your beneficiaries, which allows them to receive your financial legacy without the cost and delays of probate.
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