Stripping the interest from a Multi Year Guarantee Annuity rate of 3.55%.

LIFE ONLY AGENTS - Are you familiar with INTEREST ONLY WITHDRAWALS?

Let your money pay you!
This video explains how get GUARANTEED INCOME through interest only withdrawals from an fixed annuity.

Using a fixed annuity's interest only withdrawal provision will allow a stream of income without invading initial premium.

The premium deposited will earn interest, at 3.55% in this case, which will be distributed as income to the owner of the annuity.

Unlike the SPLIT ANNUITY which may offer a tax exclusion ratio percentage, the interest only withdrawal is 100% taxable. (see a Split Annuity video here https://www.youtube.com/watch?v=nuhEX7fQzzM)

Also be aware withdrawals using the interest only provision are subject to the 59&1/2 withdrawal rule. a 10% excise tax when interest is taken prior to age 591/2.

Over age 59&1/2 that excise tax is no longer a thing!

MYGA Quote Request: https://www.annuityexperts.com/deferred-annuity-illustrations.html

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