Annuity FAQs - Loans

Can I take a loan against my annuity contract?

Some annuity contracts do include a loan provision. A loan distribution is considered a taxable event just as a withdrawal would be taxed. In addition, loan interest will be charged until the loan is paid in full. Please review your annuity contract or contact our Customer Service Center for information and loan availability from your specific contract.

How do I repay my loan?

To make a partial or full loan payment, complete and sign a Premium Deposit/Loan Payment Form and return it along with your personal check or bank check to our Customer Service Center.

To repay the loan in full, please contact our Customer Service Center for the loan payoff amount prior to submitting your payment.