+25 Borrow Against Annuity Ideas. Web yes, you can use your annuity as collateral for loans from banks or other financial institutions. Web annuities often require payment to be within six months of the loan start day and only allow a percentage of the annuity to be borrowed against.
It allows you to access your funds without completely surrendering your annuity or incurring. Annuity loans usually do not require a credit check, as they are secured by the annuity itself. Many annuity providers allow annuity holders to borrow up to half of the cash value of their annuity.
