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Maybe because most of money is my own money coming back.

It's ALL your own money coming back unless you live to 95. Only then do you start to actually earn money.

But - due to the vagaries of tax accounting - you will get charged income tax on some portion of your own money coming back to you. That means that even at age 95 you STILL won't have all of your money back.

Frankly, you'd be better off burying the money in the backyard and digging a bit up as needed. Make sure your heirs know where to dig.


PS - OK, don't actually bury the money. A standard savings account earning a whopping 0.01% interest would leave you with more money at age 95 than this annuity would.
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