Annuity FAQs - Surrenders
How do I withdraw money from my annuity contract?
Partial Withdrawals
The annuity contract owner may take a partial withdrawal from the annuity
contract at any time prior to the annuity start date. During the surrender
charge period, a surrender charge may be assessed on the amount that is
withdrawn.
To request a one time distribution, complete and sign a
Non-Periodic Distribution Form. Mail the completed and signed form to
our Customer Service Center.
Full Surrenders
The annuity contract owner may surrender the annuity contract at any time prior
to the annuity start date. During the surrender charge period, a surrender
charge will be assessed on the amount that is withdrawn.
To surrender the annuity contract, the contract owner must complete and sign a
Non-Periodic Distribution Form. Mail the completed and signed form and
the original Schedule Page from the annuity contract to our
Customer Service Center.
Can I withdraw the interest earned or a specific amount from my
annuity contract on a scheduled basis?
The annuity contract owner can elect systematic distributions on a monthly,
quarterly, semi-annual and annual basis at any time prior to the annuity start
date. During the surrender charge period, a surrender charge may be assessed on
the amount that is withdrawn.
To request scheduled distributions, complete and sign a
Systematic Distribution Form. Mail the completed and signed form to our
Customer Service Center.
Distributions are processed on the first business date of each month as
applicable.
