What Are Purchased Life Annuities?
- 21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! And it has a very simple answer - A purchased annuity is one that you have used your own money to purchase, apart from a retirement plan through an employer or other organization. The annuity you purchase is through an insurance agent or broker in the open market, and was not acquired as part of a pension or retirement plan. I hope that helps, thanks for asking!Answered on September 3, 2014flag this answer
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