Can You Lose Money With A Variable Annuity?

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    InsuranceLibrary.com, South Dakota
    The variable annuity is a contract based upon your selection of investment options. This contract has the highest possibility of gain and the highest possibility of loss. The performance of the underlying securities determines results. There are specific situations where a variable annuity might be a good option. It would be a good option if your concern was inflation.
    Answered on September 24, 2014
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Can you lose money with a variable annuity? Yes, because you're buying a product that allows you the opportunity to make more money than a fixed or even an indexed annuity can offer. So with the opportunity of greater gains also comes the possibility of greater loss. If you were to choose a Variable Annuity as an investment choice, it would require you to pay attention and make adjustments as you go. A Variable Annuity is not really a product that you buy and forget about till you need it.
    Answered on October 16, 2015
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