3. Increased Flexibility with Payments.
There is much concern among people who invest in a variable annuity in that they fear the money put in will never fully be rewarded out to them before they die. This is a legit concern for older individuals; however, the great thing about a variable annuity is that you determine how the payments are made, even after you die. The annuity is capable of being paid out to you or your heirs in the event of your death, but this is something that you would need to set up with your lawyer and tax professional as part of your will.