What Does Private Annuity Mean?

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What does Private Annuity mean? Read on to discover the definition & meaning of the term Private Annuity - to help you better understand the language used in insurance policies.

Private Annuity

Private Annuity

Tax shelter in which capital gains taxes are deferred on the sale of assets that have appreciated in value. The proceeds from the sale are placed in an annuity that pays generally over the life of the annuitant.

We hope the you have a better understanding of the meaning of Private Annuity.

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