Is An Annuity Guaranteed For Life?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Tax deferred annuities have three crediting methods, no of which is guaranteed for life because interest rates can change, indexed performance can wane and separate sub accounts can lose money. However, if you annuitize the policy balance for life only, it will generate guaranteed life time income you can't outlive.
    Answered on August 9, 2013
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  2. 11783 POINTS
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Is an annuity guaranteed for life? Well you may be an annuity payout and the short answer is yes. You cannot outlive an immediate annuity that pays you a stream of income for your life. You can even establish guarantee windows that will continue to pay a payout after you've passed. they are called period certain payouts. But yes, you cannot outlive an annuity payout.
    Answered on February 16, 2016
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