Annuity Withdrawals

/Annuity Withdrawals
Annuity Withdrawals 2017-09-05T19:25:22+00:00

How do I withdraw funds from my annuity? 

Complete a Withdrawal Request: L-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.

Questions?
Contact Customer Service

Phone: (800) 233-3750
ext. 503

Fax: (847) 850-3304

service@federallife.com

Email Customer Service