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Tag Archive: annuity upgrade options for annuity owners

Upgrade an Older Annuity with a 1035 Exchange

Carl Ostenson

Is it possible to upgrade your older annuity into a new one that has more benefits? The short answer is, YES. But the real answer is that it depends, and you need to do a little homework to be sure you are making your situation better, not worse. First let’s go through some common reasons why people might want to switch from one annuity to another. 1)  Fees: This would apply mainly to Variable Annuities. The total fees can range from 2% to over 5%...

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