FREE 7+ Annuity Disclosure Statement Samples and Templates in PDF

One of the most significant aspects of the annuity disclosure statement is the information on fee proposal samples and charges associated with the product proposal. Annuities often come with high fees, so it is important for consumers to understand these charges upfront to make an informed decision. The disclosure statement should outline any charges that will be deducted from the annuity account, such as surrender charges, mortality and expense fees, administrative fees, and investment management contract fees. These fees can significantly impact the value of the annuity over time, so it is crucial to understand them before purchasing.

FREE 7+ Annuity Disclosure Statement Samples and Templates in PDF

1. Annuity Disclosure Statement Form

2. Annuity Disclosure Statement Template

3. Fixed Index Annuity Disclosure Statement

4. Annuity Disclosure Template

5. Annuity Disclosure Statement Template

6. Annuity Disclosure Statement Instructions

7. Annuity Disclosure Statement Appendix

8. Index Growth Annuity Disclosure Statement

What is Annuity Disclosure Statement?

An Annuity Disclosure Statement is a document that provides critical information to consumers who are considering purchasing an annuity. An annuity is a type of financial product that provides a regular stream of income transaction payments over a specified period, often for the remainder of the annuitant’s life. An annuity disclosure statement is a vital tool for consumers because it provides information about the terms and conditions, and fees associated with an annuity contracting agreement.

How To Make Annuity Disclosure Statement?

The main purpose of an annuity disclosure statement is to give potential buyers of an annuity a clear understanding of the product and its potential product/service benefits and drawbacks. Creating an Annuity Disclosure Statement involves several steps, and it’s important to ensure that the statement is clear, accurate, and complete. Here are some guidelines for creating an Annuity Disclosure Statement:

Step 1- Identify the key features of the annuity

Begin by identifying the important features of the annuity, such as the interest rate risk management, fees and charges, and withdrawal options. These details should be clearly outlined in the disclosure statement. The disclosure statement should provide a clear and concise explanation of the annuity, including how it works, what benefits it offers, and what risks it may carry.

Step 2- Include information about fees and charges

The disclosure statement should provide a breakdown of any fees or charges associated with the annuity, including surrender charges, mortality and expense fees, administrative fees, and investment management fees. The disclosure statement should include information about the company offering the annuity, including its financial stability, credit ratings, and any potential risks associated with investing in the company’s annuity products.

Step 3- Include a glossary of terms

Annuity contracts can be complex and include many technical terms. Including a glossary of terms can help consumers better understand the details of the contract. The disclosure statement should be written in clear, plain language that is easy for consumers to understand. Avoid using technical jargon or legal terms that may be confusing.

Step 4- Comply with legal requirements

The disclosure statement must comply with all legal requirements for annuity disclosures, including any state or federal regulations. The disclosure statement should be reviewed regularly to ensure that it remains accurate and up-to-date. Any changes to the annuity or the issuing company should be reflected in the disclosure statement.