Annuity Forms

Published:

Definition - What does Annuity Forms mean?

Annuity form is a document that is either a contract for a certain type of annuity or a request for a revision or mode of transaction for an annuity. This is signed and mailed to a company for validation.

Insuranceopedia explains Annuity Forms

An annuity form could either be an annuity contract. There are various types of annuity. The following are the common types: immediate annuity, deferred annuity, fixed annuity, and the variable annuity. Their basic difference is the mode of cash payout. For instance, if you have deferred annuity, your withdrawal starts on a fixed schedule, usually after retirement. With an immediate annuity, on the other hand, you get paid right away after buying the annuity.

An annuity form can also be a request for a change in the form. That change can either be a change of beneficiary. That can also be a withdrawal authorization if you want someone else to withdraw from an annuity for you.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.