bank of america tax shelter annuity

Annuities are created by insurance companies, but they are not the same as life insurance. Instead, annuities are kind of like life insurance in reverse. Instead of paying out nothing until after you die, it provides a steady source of income until your death. People usually buy annuities for this reason, but some people also like annuities as an investment vehicle � as a way to grow wealth. One advantage annuities have over CDs and money market accounts is the interest that accumulates in an annuity is not taxed until you actually withdraw money from the annuity. If you have questions about a specific annuity, such as a Bank of America Tax Shelter Annuity, please complete the above form. You will also be able to compare and contrast annuities from other sources, including Wester Reserve Life Assurance Company of Ohio, Vanguard, and Prudential Financial. Filling out the form is also an easy way to quickly get in touch with state-licensed annuity representatives in your area.