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Heavy and General Laborers Local 472 and 172 Annuity Fund 700 Raymond Blvd. Newark, NJ 07105 (973) 5895050 Loan Application (Please print or type) NAME: (Last) (First) (Middle) ADDRESS: (No. and Street).

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An annuity loan is a type of amortizing loan. Unlike an installment loan, the principal of an annuity loan is amortized by a series of identical installments (annuities). The combined loan principal and interest charges are divided by the number of amortization payments to be made.

With an annuity loan, you don't have to pay surrender charges. Avoid taxes and early distribution penalties. An additional benefit is that you can avoid taxes and early distribution penalties by taking a loan.

An annuity loan is repaid through fixed monthly payments until paid off. A serial loan is repaid through variable monthly payments until paid off. Please see the detailed down payment plan.

For example, a car loan may be an annuity: In order to get the car, you are given a loan to buy the car. In return you make an initial payment (down payment), and then payments each month of a fixed amount. There is still an interest rate implicitly charged in the loan.

Here's how to take a loan out from your non-qualified deferred annuity: Determine if your annuity allows you to take out a loan. ... Review the loan information. ... Submit the application. ... Receive your approval. ... Sign the approval letter. ... Avoid surrender charges. ... Avoid taxes and early distribution penalties.

When borrowing from an annuity, be prepared to pay an assortment of fees and penalties. The insurance company levies a penalty, called a “surrender charge,” on early withdrawals from an annuity. You may be able to borrow from the annuity without paying a penalty if you've held the contract long enough.

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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
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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:
+1 833 426 79 33
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