Who Makes Money On Annuities? 
As with all life insurance products , sometimes the client makes money , and sometimes the insurance company makes money . That is how the insurance company is able to continually serve new clients . If you are asking who gets the money accumulated by an annuity , it depends on the type of annuity , and when the insured person dies . It may be the client , or it may be their beneficiary , who collects the money . 