What Is The Age Limit For Annuities?

Shawn Plummer

CEO, The Annuity Expert

Age Limits for Different Types of Annuities

  1. Fixed, Fixed Indexed, or Variable Annuities: The age limit for purchasing these annuities is typically up to age 85. These annuities offer a combination of growth potential and income security.
  2. Single Premium Immediate Annuities (SPIAs): Some SPIAs are available for purchase up to age 90 or older. SPIAs provide immediate, regular income payments in exchange for a lump-sum payment.

Reasons Against Purchasing SPIAs at Advanced Ages

  • Loss of Control Over Money: Once you buy a SPIA, the control over the lump-sum payment is relinquished in return for the regular income stream.
  • Soundness of Mind Concerns: As individuals age, concerns can be about their ability to make sound financial decisions. This is particularly relevant for those around age 90 or older.
At What Age Can You No Longer Buy An Annuity


While it is possible to buy certain types of annuities up to age 85, and some SPIAs even beyond that age, it is generally not recommended for very elderly individuals due to the loss of control over funds and potential decision-making concerns.

Contact us today for a free quote.

Request A Quote

Get help or a quote from a licensed financial professional. This service is free of charge.

Contact Us

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

Scroll to Top