Question:

Single premium annuity?

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Is a single premium annuity (principal and/or payouts) firewalled from creditors? If the answer is NO, then is there a way to arrange a single premium annuity so that it is safe from creditors?

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3 ANSWERS


  1. Any assets you own can be seized by your creditors.  This includes any investments or properties.


  2. no not really

  3. No. If you have money, pay your bills.

    If you move money in order to avoid paying creditors, it is called a fraudulent transfer, and it can be undone.

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