0a3642d7c1dc
Returning Member

Non qualified annuity taxiation exclusion % self funded

Talked to insurance company and they said the proceeds from the non qualified variable anniuty is taxed on a "LAST IN/First out basis!" and not using the exclusion % with my $100,000 initial investment back in 2011.  I disagreed and asked them to show me where in the contract it states this and also where the IRS guidelines aslo show this. Was I right to ask them to show me this?