Can I transfer my variable annuity to another company?
Yes, it is possible to transfer your variable annuity to another company. However, the process and eligibility requirements may vary between companies, so it is essential to review the terms and conditions of your specific annuity contract. Generally, transferring a variable annuity involves several steps, including completing paperwork, providing necessary documentation, and coordinating with both the current and receiving insurance companies to ensure a seamless transition. It is advisable to consult a financial advisor or contact our customer service representatives for guidance on the transfer process and to discuss any potential fees or tax implications associated with the transfer.
Answered Nov 2, 2023
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