When Are Non Qualified Annuities Annuitized? 
Non qualified tax deferred annuities generally can be annuitized by the policy owner at anytime . Annuitization can cover a single life or joint life as well vary in payout scenarios , i.e. 10 or 20 years certain . But true annuitization generally -LRB- now more then ever -RRB- is understood using the life only option or lifetime income you ca n't outlive . most annuity owners trigger annuitzation at or near retirement . 