A non-qualified annuity is an annuity funded with post tax dollars. The investor can set the term of the annuity so that it pays out at expected retirement age.
Non-qualified annuity is a contract between an annuitant and an insurance company. It has tax-deferring nature. It allows to avoid income taxation until distributions are made to the tax payer.
A non-qualified annunity is made up of money aafter taxed. To set up a non-qualified annunity you have a contract with an insurance company tp provide a certain amount of income for a period of time.
