What Are Sovereign Annuities?

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    Karl Renwanz
    Renwanz Insurance & Financial Solutions, Carlsbad, CA
    The term Sovereign annuities is generally associated with defined benefit programs in Ireland. Sovereign annuities are designed to widen the options available to trustees of defined benefit programs. Sovereign annuities generally invest in bonds. The primary difference between sovereign annuities and conventional annuity products is that the agreed payments from the sovereign annuity can be reduced if there is an event of non-performance such as a default or restructuring of the reference bonds.
    Answered on October 20, 2014
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