Can I Have Two Annuities? 
You can have as many annuities as you want as long as they meet suitability requirements . Never tie up all of your funds into any long term investment or savings vehicle . Maintain a liquid account for emergencies . Keep in mind that annuities are designed for long term savings , primarily retirement funding . If you need to surrender an annuity prior to age 59 and 1/2 there may be tax penalties . Also most annuities have surrender charges if funds are taken out too soon . Before purchasing an annuity check the length of time the surrender charges apply and make sure you find them acceptable and appropriate for your needs . 