How do I withdraw funds from my annuity?
Complete a California Annuity Partial Withdrawal Form C-7119 and send to us by mail, fax, or email.
SINGLE PREMIUM ANNUITIES
- Must maintain a minimum balance of $2,000.00 in the account after the withdrawal.
- There are no penalties for partial withdrawals that are less than 10% of the account value as of the last anniversary. Any withdrawal exceeding the 10% limit may be subject to a charge.
FLEXIBLE PREMIUM ANNUITIES
- Flexible Premium Annuities must maintain a minimum balance of $500.00 in the account after any withdrawal.
- Withdrawal Penalties vary by the duration of each payment.
PLEASE NOTE: There are different tax laws applicable to withdrawals on qualified versus non-qualified plans. Personal tax situations and your use of annuities should be reviewed with your attorney and/or tax advisor.
