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Featured Annuity Term:
Variable Annuity 
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Annuity Terms DefinedTrust or Corporate owner IRC Section 72 (u)If an annuity is issued after February 28, 1986, to a trust or corporation, the income earned on the annuity must generally be reported yearly. Generally, private individuals only report income at the time the annuity matures or a distribution occurs. Please refer to IRC Code Section 72(u) or consult your tax or legal adviser for more information. |