Annuity FAQs - Annuity Payments

How much will I receive if I elect to receive annuity payments?

At the request of the contract owner, we will complete an annuity payment quote outlining the payment options available and the corresponding payment amounts. Please contact our Customer Service Center.

Payments may be elected on a monthly, quarterly, semi-annual or annual basis. Options available may include Life options or payments for a Fixed Period or Fixed Amount.

Please be advised any payment quotes are based on the account value and the annuity settlement interest rate at the time of the quote. Actual annuity payment amounts will be based on the account value and settlement interest rate on the elected annuity start date and may be different than the amount quoted.

How do I begin annuity payments?

The contract owner must complete a Periodic Distribution Form and return it to our Customer Service Center. If a life contingent option is elected, documentation of the annuitant's age such as a driver's license or birth certificate is required.

Payments will begin on the Annuity Start Date noted on the Periodic Distribution Form.