Are Taxes Taking a Bite Out of Your Savings?

March 4, 2019

Consider the Advantages an Annuity Offers

The annual income taxes on a Certificate of Deposit (CD) can take a big bite out of your hard-earned savings. If your clients use CDs to regularly access money, consider a tax-deferred alternative. An annuity from The Standard can offer several ways to access annuity funds without penalty.

For individuals, The Standard’s tax-deferred annuities are protected from income taxes until withdrawals or regular distributions are taken. As a result, more money continues working for your clients instead of Uncle Sam.

Key Benefits of Annuities

 Certificate of DepositDeferred Annuity
Principal Protection*

Certificate of Deposit

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Deferred Annuity

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Guaranteed Growth

Certificate of Deposit

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Deferred Annuity

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Flexible Withdrawal OptionsCertificate of Deposit

Deferred Annuity

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Tax-Deferred Compounded GrowthCertificate of Deposit

Deferred Annuity

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Lifetime Income OptionsCertificate of Deposit

Deferred Annuity

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Guaranteed Survivor BenefitsCertificate of Deposit

Deferred Annuity

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Probate Avoidance

Certificate of Deposit

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Deferred Annuity

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Exempt From Creditors (most states)Certificate of Deposit

Deferred Annuity

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* Please note that while Standard Insurance Company offers products that provide principal protection, not all deferred annuities provide this feature. The table above is for illustration purposes only and is not intended as tax or financial advice. As always, before making important financial decisions, please consult with your financial or tax advisor for information specific to your situation.

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