Who Sells Longevity Annuities? 
Assuming you mean annuities with lifetime income you cant outlive , there are many . Most annuity insurance companies allow their annuities -LRB- and cash value life insurance -RRB- to be annuitized for the life of the annuitant -LRB- or insured -RRB- . If an annuity is held in a qualified plan , then all lifetime distributions are taxable at ordinary income tax rates . If the annuity is a non-qualified annuity then basis is amortized over the annuitants life expectancy as part of the initial payments until basis is used up . Then only payments of gain are left to distribute for the life of the annuitant . 