Who Administers Annuities?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance companies created annuities and life insurance companies administer them by investing premiums, managing investment portfolios, and making sure payments are handled properly. However, if there is an option of where to invest (such as an indexed annuity offers), the owner of the annuity has the ability to make that choice. In the case of group or gift annuities, third party administrators are often set up.
    Answered on May 20, 2013
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