Can You Lose Money With A Variable Annuity? 
Can you lose money with a variable annuity ? Yes , because you 're buying a product that allows you the opportunity to make more money than a fixed or even an indexed annuity can offer . So with the opportunity of greater gains also comes the possibility of greater loss . If you were to choose a Variable Annuity as an investment choice , it would require you to pay attention and make adjustments as you go . A Variable Annuity is not really a product that you buy and forget about till you need it . 