Annuities, What Seniors Need to Know

12 Before you buy: Use this check list to make sure you are buying the right annuity for you. Get the annuity contract in writing. Do not be pressured. Use your 30-day free-look period. Do not sign anything you do not understand. Have a trusted family member, friend, or advisor review the annuity contract with you. Before you replace your annuity with a new one, make sure you receive a full list of the benefits and drawbacks of doing this. Ask for a list of all the deadlines, and the surrender charges if you take money out early. Make sure the agent, broker, and/or insurance company are properly licensed to sell the annuity you are interested in. See the next page.