Things You'll Need:
- Legal Counsellors
- Financial Calculator
- Fireproof Safes
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Step 1
Decide who will own the contract, who will be the annuitant, and who will be the beneficiary(ies).
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Step 2
Consult with an estate planning attorney or qualified tax adviser if the selling agent cannot answer your questions about those three important contract entities to your satisfaction.
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Step 3
Sign the annuity application papers only after reading all associated paperwork and, in the case of a variable annuity, after you have received a current prospectus.
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Step 4
Be prepared to make your first deposit with the application by virtue of a personal, certified or cashier's check.
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Step 5
When you receive your annuity contract, read it carefully and file it with your other important legal documents.








Comments
jimbrown1111 said
on 4/14/2009 Question: I was asked by a finance guy, if he could mail the application to me. I have never heard this before; because any life or annuity contract I have purchased has always been in person. Is this legal?