When you buy an annuity,the interest on the principal,as well as the interest compounded on that interest,builds up free of current income tax.

Name: When you buy an annuity,the interest on the principal,as well as the interest compounded on that interest,builds up free of current income tax.
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Quizplus · Accepted Answer

This is a true statement about annuities. The principal and interest earned on an annuity are not subject to current income tax until they are withdrawn.

When You Buy an Annuity,the Interest on the Principal,as Well