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  • Flexible Income Annuity Fund Switch Form - Scottish Friendly

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Flexible Income Annuity fund switch form Name: Annuity no(s): This form should be completed and returned if you wish to switch some or all of your unit holdings into different funds. Switching units.

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Scottish Friendly provide FIA policyholders with the option of 7 different unit-linked funds. These funds offer varying levels of risk from cautious to adventurous funds.

A fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. It gives you more growth potential than a fixed annuity along with less risk and less potential return than a variable annuity.

FIAs are popular because they offer guaranteed growth on your investment, and generally speaking, they have higher rates of return than CDs or savings accounts.

As part of a well-rounded retirement plan, annuities can provide some protection for you and your family. That could include a death benefit (provided you didn't start your income), a survivorship clause, or being able to pass the annuity on to heirs. This makes them more flexible than many retirement savings vehicles.

FIAs are insurance products that offer growth potential and guaranteed income for retirement. Funds in an FIA earn interest credits based in part on the upward movement, if any, of a reference stock market index, such as the S&P 500®.

Evaluating the Potential Drawbacks of Flexible Premium Annuities. Despite their numerous benefits, flexible premium annuities are not without potential drawbacks. They often come with specific fees and surrender charges, especially if you withdraw funds earlier than agreed.

FIAs work by crediting interest to the policy owner based on the terms outlined in their particular contract. Sometimes the credited interest amount is capped, but some FIAs are uncapped. Some policies have a floor or a minimum interest rate that gets credited to the policy regardless of how the market performs.

FLEXIBLE life ANNUITY The FLA is a purchased life annuity. During the lifetime of the annuity, the policyholder can elect to change the amount of the annuity payments (either increase or decrease). A wide range of assets is allowed in the FLA.

The two main options for annuity premiums are single, meaning you make a one-time lump-sum payment, or flexible, meaning you make several payments over time. So, a flexible premium deferred annuity is an annuity that you pay into incrementally over time and that you defer receiving payments from until a later date.

The Flexible Income Annuity is an investment-linked annuity. This means we invest your pension in the stock market and other financial investments. Your income level could be maintained or grow if the markets increase in line with the performance levels we set (we call this 'required fund performance').

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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