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Can my annuity's value be different depending on my choice of benefit

While all deferred annuities offer a choice of benefits, some use different accumulated values to pay.

For example, an annuity may use one value if annuity payments are for retirement benefits and a different value if the annuity is surrendered. Or, an annuity may use one value for long-term care benefits and a different value if the annuity is surrendered.

You can't receive more than one benefit at the same time.

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