Can My Annuity's Value Be Different Depending On My Choice Of Benefit?

While all deferred annuities offer a choice of benefits, some use different accumulated values to pay different benefits.  For example, and annuity may use one value if annuity payments are for retirement benefits and a different value if the annuity is surrendered.  As another example, and annuity may use one value for long-term care benefits and a different value if the annuity is surrendered.  You can't receive more than one benefit at the same time.