If your annuity is performing well, you might be wondering if you can deposit more cash into the account to keep it growing. The answer is: It depends entirely on the specific premium structure of your contract!

In this quick video, Shawn Plummer from The Annuity Expert breaks down the critical difference between a Single Premium Annuity and a Flexible Premium Deferred Annuity. Shawn explains exactly how to check your current contract to see if ongoing deposits are allowed, and what you need to do if you are currently locked into a single-deposit account.

📖 Read our full guide on Deferred Annuities and Premium Structures here:

https://www.annuityexpertadvice.com/services/annuity-broker/deferred/

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