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ANNUITY SUITABILITY & DISCLOSURE FORM For Variable Annuity and Fixed Annuity (including Indexed) Purchases Client s Name: Age: Annuity: Financial Professional s Name: Approximate Amount of Contract:.

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Single premium immediate annuities, which is the original pension type of annuity, can pretty much be issued at any age. In my opinion, annuities should be looked at by people around their fifties going toward retirement or in retirement.

Producers must attempt to obtain consumer profile information, which includes but is not limited to: age, annual income, financial situation and needs, including debts and other obligations, financial experience, insurance needs, financial objectives, intended use of the annuity, financial time horizon, existing assets ...

The NAIC Suitability in Annuity Transactions Model Regulation (#275) sets forth standards and procedures for recommendations to consumers that result in a transaction involving annuity products to ensure the insurance needs and financial objectives of consumers are appropriately met at the time of the transaction.

Types of deferred annuities include fixed annuities, variable annuities, and fixed-indexed annuities. In contrast, immediate annuities are usually less appropriate for young people because they would start to pay you back soon after you buy them.

There is no federal law or rule that sets a minimum or maximum age limit for annuity purchases but insurance companies that sell annuities set their own age limits. Some companies will not let anyone under 18 purchase an annuity, while the upper age limit is typically between 75-95.

In short, immediate annuities with lifetime income guarantees are generally not good investments for those over 85 – they do not provide sufficient income for folks 85+, and don't allow you to pass income or principal to your heirs.

Consider saying yes to annuities: If you are someone approaching retirement who wants to grow and protect your retirement income or simply wants to keep some of your money out of the market, protected from downside risk, then look into annuities.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232