Who Can Purchase Annuities? 
Since there isnt a medical requirement , annuities can be purchased by anyone who has the money and the need . People buy annuities as a part of a retirement plan in which case the entire cost may be tax deferred . Others buy non-tax-qualified annuities because they want to accumulate money and defer taxes on the interest . Annuities are even purchased to provide income to settle a law suit . 