Get Elective Annuity Payment Option - Voya For Professionals

This guide provides you with a clear, step-by-step approach to completing the ELECTIVE ANNUITY PAYMENT OPTION form from Voya For Professionals online. Ensuring accurate submission is vital for your financial planning, and this guide will help you navigate the process with confidence.

Follow the steps to complete your form online with ease.

1. Press the ‘Get Form’ button to retrieve the form and access it in the online editor for filling.
2. Begin with Section 1, 'Contract Information.' Here, fill in the required details, including your name, birth date, street address (do not use a PO box), mailing address (if different), contract number, Social Security number (SSN), phone number, and country of citizenship.
3. Move to Section 2, 'Payment Election.' Select your desired start date and payment frequency, which can be monthly, quarterly, semi-annually, or annually. Note that certain conditions may alter payment mode.
4. For Section 3, 'Annuity Payment Options,' choose one payment option that suits your financial needs. Options range from payments for a specified period to various life-income options. Each choice may have specific requirements so be sure to read the descriptions carefully.
5. Proceed to Section 4, 'Payment Options.' Indicate how you wish to receive your payments, either via direct deposit to a bank, brokerage account, or through checks.
6. In Section 5, 'Direct Deposit (EFT) Authorization,' provide banking details including the bank name, routing number, and account type, ensuring this information is accurate.
7. Complete Section 6, 'Tax Withholding.' This section allows you to indicate your preferences for federal and state tax withholding. Carefully read the options and select according to your situation.
8. In Section 7, 'Beneficiary Designation,' specify any beneficiaries that will receive proceeds. Ensure you include all necessary information such as names, relationships, and percentages.
9. Finally, navigate to Section 8, 'Authorization and Signatures.' After reviewing all information for accuracy, sign and date the form. If applicable, have other required parties also sign.
10. Review the completed form to ensure all sections are filled out correctly. Once verified, you can save changes, download a copy, print, or share the form as needed.

Start filling out your ELECTIVE ANNUITY PAYMENT OPTION form online now to secure your financial future.