If you miss that window, you won't have access to the money for another term. (smartasset.com)
Since they provide limited or no liquidity, income annuities generally are not the best choice if having access to the money in your annuity contract is important to you. (massmutual.com)
However, that also means you won't have access to the money for a longer period of time. (rebuildcreditscores.com)