Can I Have Two Annuities? 
Yes , you can have more than one annuity . This can happen sometimes when an individual will purchase an annuity and then later came into a sum of money . Rather than just leave the money sitting in a checking account , it can be used to purchase additional annuities . In other cases , you might choose a different payment schedule to help with different expenses . An individual might purchase one annuity with monthly payments to handle their every day living expenses and purchase one with annual payments to provide a larger annual payment . For example if your home is paid off , you might have a small annual annuity to provide payments for property taxes and homeowners insurance premium payment . 