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State Premium Taxes

Some states impose a "State Premium Tax" against either the Accumulated Value of the annuity policy or the Purchase Payments. Companies deduct these taxes as incurred according to state regulations. States tax laws change, check with the company issuing your annuity policy for the most current tax status.

Taxes as of December 1, 2004

State Qualified Funds
Taxed Upfront
Qualified Funds
Taxed at Annuitization
Non-Qualified Funds
Taxed Upfront
Non-Qualified Funds
Taxed at Annuitization

California 2.35% 0.50%
Maine 2.00%
Nevada 3.50%
South Dakota 1.25%
Virgin ISlands 5.00% 5.00%
West Virginia 1.00% 1.00%
Wyoming 1.00%

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