Can Young People Buy Annuities? 
Can young people buy an annuity ? Yes , but they must meet height requirements for the purchase . . ;-RRB- . No , not really . Annuities do not have a starting age per se as a parent can take out a policy for a child under 18 . An annuity is a contract so contract law would apply for a young person to purchase a policy by themselves , so 18 would be the starting age limit for individual purchase of an annuity . 