Summerlin Benefits Consulting Q&AAnswer
Oct 22, 2024 - 11:21 AM
Yes, it is possible to lose money in certain types of annuities. For example, variable annuities are tied to the stock market, which means your principal is at risk during market downturns. On the other hand, fixed and fixed indexed annuities generally provide principal protection, though their returns might be lower. It's important to assess your risk tolerance when choosing an annuity product.
