Understanding you Annuity Buying Process with AnnuityFacts.com in four simple Steps
Our Annuity Shoppers demand clarity in the annuity buying process that begins after deciding to invest in an annuity. Generally, the purchase involves several key stages:
- Making the Purchase Decision and Picking a specific company’s product
- E-Application is submitted and sent to Underwriting
- Your Annuity Contract is approved and issued
- You review your annuity and if you like it you then send them the funds.
What is AnnuityFacts.com roll in the process and how do we make money?
At AnnuityFacts.com, our team consists of licensed agents partnered with more than 21 insurance providers. The contract you sign is directly with the insurer, not with us. We help advise you on the pros and cons of each product. We do not charge you a fee and are paid commissions direct from the company. Our Commission does come from your principle and 100% of yopur premium will be invested from day one. Regardless of your specific circumstances, we are here to assist and guide you through the entire process.
What type of funds can you use to buy an annuity?
In terms of the source of funds, it’s possible to fund your policy with:
- Good old cash that has already been taxed called non-qualified funds
- a 1035 tax-free exchange from an existing annuity
- a tax free transfer qualified fund sources from:
- a Roth IRA
- a traditional IRA
- a rollover from
- a 403(b)
- a 401(k)
- a SEP IRA
- a SIMPLE IRA
What’s the next step?
Purchasing your annuity has become more super easy with the ability to complete the entire transaction online. In 2004 we pioneered the process that eliminated the need for a face to face in-person meetings and complicated paper applications. We also allow you to receive real-time annuity quotes and digitally process your application with the annuity company you choose. Our team is licensed to offer these products and is ready to support you via chat, email, or phone, ensuring you receive personalized assistance.
We make it easy… the process of buying an annuity is smoother when you have the correct information at your disposal. Our team is committed to guiding you through each step of the process, ensuring you feel confident and well-informed.