Series 66: 3.6.4.9 Loans During The Accumulation Phase

Taken from our Series 66 Online Guide

3.6.4.9  Loans During the Accumulation Phase

An annuitant is allowed to take a loan from the value of the annuity, but this withdrawal will be taxed and interest will be charged on the loan. The interest is usually paid by reducing the number of accumulation units in the annuitant’s account. The loan is taxed according to the same rules that apply to annu

Since you're reading about Series 66: 3.6.4.9 Loans During The Accumulation Phase, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 66
Please Enable Javascript
to view this content!