When Are Non Qualified Annuities Annuitized?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Non qualified tax deferred annuities generally can be annuitized by the policy owner at anytime. Annuitization can cover a single life or joint life as well vary in payout scenarios, i.e. 10 or 20 years certain. But true annuitization generally (now more then ever) is understood using the life only option or lifetime income you can't outlive. most annuity owners trigger annuitzation at or near retirement.

   Answered on September 13, 2013

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