With an irrevocable transfer of $10,000 or more of marketable securities or cash, donors receive guaranteed life income payments at fixed rates depending on age. Rates for single-life plans range from 5.3% at age 65 and 9.5% at age 90.

Annuity payments are 40% to 60% tax-free depending on the age of the annuitants at the time of the agreement. Income tax deductions are received if the donor itemizes, as well as partial savings of capital gains.

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