A Golden Nugget for Annuity Taxation

By Steve Cox (Life Innovators) and Ramona Neal (Living Benefit Review)

As an annuity producer, you are likely well-versed in annuity taxation. Even so, there’s a hidden gem in the tax code which is often overlooked that you can add to your practice to help meet client concerns. The golden nugget is tax-free access to the gain in a non-qualified (NQ) annuity. Yes, that’s what we said, tax-free access to gain – something many think is well-nigh impossible.