Are you having trouble answering the question “A nonqualified annuity:”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
A nonqualified annuity:
a. Is a type of qualified plan
b. Has tax-deductible premiums
c. Is not subject to tax
d. Has tax-deferred growth on the cost base
Answer: d. Has tax-deferred growth on the cost base
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