Can You Lose Money In An Annuity? Know These Two Things To Figure It Out

April 23, 2020 by Matt Carey

Yes, annuities provide valuable tax-deferred growth. But for more than any other reason, annuities are valuable because of their guarantees. In an annuity, the insurer makes certain contractual guarantees that are not available in a traditional investment product. 

There are two things you need to know if you’re an annuity owner or considering a purchase if you want to understand whether you can lose money. First, what kind of annuity do you own or are you considering purchasing? Second, what is the financial strength rating of the insurer?

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Originally Posted at Forbes on April 21, 2020 by Matt Carey.