Direct answer
Indirectly, yes — annuity income can be used like any other income to make loan payments, but annuities aren’t designed as a lump-sum debt-payoff tool the way life insurance can be.
Nebraska Department of Insurance filings, checked live — annuities are retirement income products, not death-benefit debt payoff tools.
What this means for you
Indirectly, yes — annuity income can be used like any other income to make loan payments, but annuities aren’t designed as a lump-sum debt-payoff tool the way life insurance can be.
FARMER STOCKMAN
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This page is informational and not a coverage guarantee or quote.
