An interesting question and a rather extreme scenario I suppose.
As you indicate, the currency can suffer quite a bit of damage through either inflation or deflation.
I am not sure, however, how the contractual obligations would be affected in an insurance or annuity contract if the currency were replaced.
With regard to an annuity, it will completely depend on the structure of the annuity contract and any additional riders that might be attached to that contract. At a basic level, the death value can be the initial deposit amount, less any withdrawals and market performance. Most of the bigger companies provide a somewhat enhanced death benefit. This usually is the initial
Thanks for reaching-out.
It is generally very difficult if not impossible to provide a simple yes/no answer to this type of question without having much more detail regarding your situation and needs. That said, here are some things to think about:
I am going to place the answer to this question in the discussion forum, and the thread can be found here: http://www.annuitydigest.com/forum/how-get-rid-variable-annuity
