What to consider before buying or changing an annuity policy
April 23, 2025 by Office of Insurance Commissioner Washington State
To find out if an annuity is right for you, it’s a good idea to talk with a tax advisor or financial planner first.
Before buying an annuity, think about:
- Your financial goals
- How much money you have to invest
- When you want to start taking money out of your annuity
- How much of a risk you’re willing to take for your investment
When recommending an annuity, insurance companies and agents need to consider your finances, taxes, investment goals and other information.
Originally Posted at Insurance.WA.Gov on 2025 by Office of Insurance Commissioner Washington State.
Categories: Industry Articles
