Get Annuity Needs Analysis - Fact Finding Worksheet For

This guide provides a comprehensive overview of how to accurately complete the Annuity Needs Analysis - Fact Finding Worksheet online. By following these structured steps, users can ensure they provide all necessary information required for a thorough annuity assessment.

Follow the steps to successfully complete the worksheet.

1. Click ‘Get Form’ button to access the Annuity Needs Analysis - Fact Finding Worksheet and open it in your preferred online editor.
2. Begin by entering the applicant's name in the designated field followed by their age. This information is crucial for determining the appropriate annuity options.
3. Provide the age of any spouse, the occupation of the applicant, their marital status, and the number of dependents excluding the spouse. Ensure all fields are filled out accurately.
4. List the ages of the dependents in the corresponding section. This is important for understanding potential future financial obligations.
5. Indicate whether the owner of the annuity will be different from the applicant by selecting 'Yes' or 'No' and provide the name if applicable. Repeat this for the annuitant's relationship to the applicant.
6. Enter the applicant's annual income, breaking it down into wages and other sources. If expecting any changes, describe them in the space provided.
7. Complete the same income details for the spouse, including any expected increases or decreases.
8. Provide net worth figures, distinguishing between amounts including and excluding the residence, along with any anticipated changes.
9. Input monthly expenses and any expected changes. It's essential to be thorough in outlining future cash needs, detailing areas and amounts.
10. Indicate if there will be a discontinuation of any life insurance policy or annuity to fund the new annuity. If ‘Yes’, confirm whether a Section 1035 tax-free exchange is applicable.
11. If applying for a deferred annuity, state the reasons for purchase, anticipated accumulation period, and make expected periodic deposits clear. Note the source of the initial lump sum.
12. For an immediate annuity application, state the reasons for purchase, the amount of lump sum deposit, and identify its source.
13. Anticipate the monthly income from the annuity and ensure to confirm that the product is suitable for the applicant via the acknowledgment section.
14. Finally, ensure all signatures are completed, including the applicant's and the agent's, along with the respective agency details.
15. Once all fields are filled out accurately, save the changes, and choose to download, print, or share the completed worksheet as needed.

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