What is different about a corporate owned nonqualified annuity compared to an individually owned nonqualified annuity?

Insurance

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What is different about a corporate owned nonqualified annuity compared to an individually owned nonqualified annuity?

A

Interest or gains are taxable as income in the year earned

B

It earns a rate of interest limited by the IRC

C

Interest or gains are taxable as capital gains, not ordinary income

D

It does not provide a death benefit guarantee of principal to the beneficiary

Answer: A

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