![]() Note: If you live in certain states, we are required to withhold state income tax at the rate determined by your state when you have federal income tax withheld. If there is no taxable gain at the time of the distribution, no withholding is required. Payments made to a beneficiary of a deceased payee are subject to the same withholding rules. Otherwise, 10% of a non-periodic distribution is withheld. Non-qualified annuities: Policyholders can elect out of withholding.
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