How Many Annuities Can You Have?

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    David RacichPRO
    Fountain Hills, Arizona
    You can have as many annuities as you want, but you may be limitations on the total amount you can have depending on the life insurance company’s caps. An annuity is a mortality insurance product and by definition has a mortality cost associated with it. The mortality risk may limit the amount you can deposit into any one annuity with the same company.
     
    Answered on May 29, 2013
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    Peggy Mace
    Most of the U.S.
    You can have as many annuities as you want. There are different types of annuities and having a variety may best serve your financial purposes. Also, in times of low interest rates, you may want to purchase several annuities over a period of time, so that you can hopefully hit on one that has a higher return.
    Answered on August 23, 2014
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