Massmutual annuity surrender form 2025

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  1. Click ‘Get Form’ to open the massmutual annuity surrender form in the editor.
  2. Begin by filling out the Owner/Participant Information section. Enter your Contract/Certificate Number, Daytime Telephone Number, and your name along with your Social Security Number. If applicable, include the Joint Owner/Participant's details.
  3. Next, provide your address including Street, City, State, and Zip code. Ensure all information is accurate for processing.
  4. Move on to the Custom Plan Feature Options section. Here you can establish or terminate elected features. Carefully read each option and select accordingly by checking the appropriate boxes.
  5. In the Authorization section, review your selections and sign where indicated. Both owners must sign if applicable. Don’t forget to date your signature.

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Most annuity companies allow you to cash out, or surrender, the contract for its current value, or withdraw a portion of the accumulated funds before income payments begin. However, surrender charges will be deducted from the amount you receive.
Ways to cash out an annuity include withdrawal, loan, return of premium, surrender and with a crisis waiver. Cashing out an annuity has pros access to immediate cash and potential tax advantages but also cons including surrender charges, taxes, penalties and loss of future income stream.
Withdrawal request form (Qualified) Use this form to request a full surrender or a partial withdrawal from a qualified annuity contract.

People also ask

Please call the Service Center at 1-800-272-2216 or your financial professional for more information. Where can I find frequently asked questions about pension annuities?

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