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Choosing an Annuity Option Choosing an Annuity Option ET-4117 (REV 06/2010) 1 Table of Contents What is an Annuity? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Available Annuity

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What is choosing an annuity option?

Choosing an annuity option refers to the process of selecting a specific method by which an individual will receive payments from an annuity, such as a lump sum, periodic payments, or a combination of both.

Who is required to file choosing an annuity option?

Anyone who has an annuity and reaches the distribution age or is required to take mandatory distributions must file a choosing an annuity option.

How to fill out choosing an annuity option?

To fill out choosing an annuity option, you typically need to provide information about your contact information, annuity account details, and preferred payment option. This information can usually be submitted online or through a paper form provided by the annuity provider.

What is the purpose of choosing an annuity option?

The purpose of choosing an annuity option is to determine how you will receive the funds from your annuity, allowing you to customize the distribution according to your financial needs and goals.

What information must be reported on choosing an annuity option?

When filling out choosing an annuity option, you may need to report your name, date of birth, social security number, annuity account number, payment frequency preference, and beneficiary information.

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