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Prospectus Variable Annuity May 1, 20 3 Form 2051V (Rev. 5 3) Modern Woodmen of America Variable Annuity Account INDIVIDUAL FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CERTIFICATE PROSPECTUS May 1,

How to fill out prospectus variable annuity

How to Fill Out a Prospectus Variable Annuity:

1. Begin by carefully reading the prospectus provided by the annuity company. The prospectus contains important information about the variable annuity product, including its features, fees, investment options, and risks.
2. Take note of any required personal information that needs to be filled out in the prospectus, such as your name, contact information, and social security number. Ensure accuracy and double-check the information before submitting.
3. Look for sections that require you to choose specific investment options for your variable annuity. Study each investment option thoroughly and consider your financial goals, risk tolerance, and time horizon before making your selections.
4. Pay attention to the costs associated with the variable annuity, such as surrender charges, administrative fees, mortality and expense fees, and investment management fees. Familiarize yourself with these expenses and ensure you understand their impact on your investment returns.
5. If there are any optional features or riders available with the annuity, carefully review the details provided in the prospectus. Consider if these additional features align with your financial objectives and if the associated costs justify their benefits.
6. Consider seeking professional advice from a financial advisor or investment professional who specializes in annuities. They can help you navigate the complexities of the prospectus and provide personalized recommendations based on your unique financial situation.

Who Needs a Prospectus Variable Annuity?

1. Individuals who are looking for a long-term investment vehicle with tax-deferred growth potential may benefit from a prospectus variable annuity. It can provide an attractive retirement savings option for those who have maxed out contributions to traditional retirement accounts like 401(k)s and IRAs.
2. Investors who are comfortable with market fluctuations and have a higher risk tolerance may find a variable annuity appealing. The investment options within a variable annuity are typically tied to stock and bond markets, offering potential for higher returns compared to a fixed annuity.
3. Individuals who value the option to customize their investment portfolio within an annuity product may be interested in a variable annuity. The ability to choose from various investment options allows investors to tailor their portfolios to their specific risk preferences and financial goals.

Note: It is important to evaluate your financial situation, consult with professionals, and carefully consider your risk tolerance and investment objectives before investing in a prospectus variable annuity.

For pdfFiller’s FAQs

What is prospectus variable annuity?

A prospectus variable annuity is a legal document provided by insurance companies that details the features, risks, and fees associated with a variable annuity investment product.

Who is required to file prospectus variable annuity?

Insurance companies offering variable annuity products are required to file a prospectus with the Securities and Exchange Commission (SEC).

How to fill out prospectus variable annuity?

To fill out a prospectus variable annuity, insurance companies must provide accurate and detailed information about the investment product, including its features, risks, fees, and performance data.

What is the purpose of prospectus variable annuity?

The purpose of a prospectus variable annuity is to provide investors with essential information to make informed decisions about whether to invest in the product.

What information must be reported on prospectus variable annuity?

The prospectus variable annuity must include information about the investment objectives, risks, fees, performance data, and other key details about the product.

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