Features
Certificate of Deposit
Annuity
Universal Life
Principal free from risk or market/price fluctuations

Y

Y

Y

Interest earnings free from current taxation

N

Y

Y

Interest earnings reinvested automatically with no current income taxation

N

Y

Y

Able to make small additional investments

N

Y

Y

Avoid the expense and delay of probate

N

Y

Y

Guaranteed lifetime income with tax advantages

N

Y

Y

Provides additional money in case of death

N

N

Y

Total Number of Yes

1

6

7

  

 

Take a look at the effects of taxes on your savings

 

 Savings = $100,000    Tax Rate = 28%

 Years of Compounding
Net after tax result of a taxable CD @ 5%
Net after tax result of a tax deferred annuity @ 5% 

 0 Years

$100,000 

$100,000 

10 Years 

$142,429 

$145,280 

20 Years 

$202,859 

$219,038 

30 Years 

$288,930 

$339,180 

The difference in year 30 is $50,250!

 

 

Ready to talk about a charting your path?

A Sons of Norway Financial Benefits Counselor can help you get started. Get your free Financial Review and get started toward a more secure tomorrow.

 

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