Avoiding Tax Trap in the Exchange The very common reason why many policyholders would opt to change their old annuity policy and old life insurance policy in exchange to a new annuity policy and new annuity policy is mainly because a new policy is most likely will perform much better
compared to the old policies since nowadays there are already improvements when it
comes to mortality which will provide a lower insurance cost, a lesser administration expense on the policy which will provide lower cost, improvements in the said underwriting
with lower cost, improvements in the health of the insured which will trigger lower cost, improvements in
interest crediting which will perhaps provide
higher rates of
interest as well as the
interest linked in an index and to some cases, a worsened health which may cause
higher than the usual annuity payments.