Can the seller withdraw from the annuity whenever they please?
Yes and no. These annuities are set up to protect the seller from triggering the constructive receipt and economic benefit doctrines. For that reason, the seller cannot direct what is to happen with the annuity. They are the sole and irrevocable beneficiary, but have no rights of ownership. Once the annuity is set in place, the income stream cannot be changed as protection to the seller. However, the Structured Sale annuity is extremely flexible and allows the seller to receive an income stream with virtually any terms they wish as long as those terms are outlined in the annuity contract. It is very important for the seller to determine what their needs are, and design the income stream around those needs knowing that the stream is locked in.
