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Annuity Withdrawal Form (No Living Benefit)

Annuity Withdrawal Form (No Living Benefit) 2026

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The document is an Annuity Withdrawal Form for American General Life Insurance Company and associated companies, allowing policyholders to request withdrawals from their Index or Fixed Annuities without living benefits. It outlines the types of withdrawals available, necessary information required for processing, potential tax implications, and instructions for submission. The form emphasizes the importance of consulting a tax advisor regarding any financial transactions related to the annuity.

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Click ‘Get Form’ to open the Annuity Withdrawal Form (No Living Benefit) in the editor.
Begin by filling out the 'Annuity Contract Information' section. Enter your contract number, complete SSN/TIN, and names of the owner(s). Ensure all fields are filled accurately to avoid delays.
Select the type of withdrawal you wish to make: One-Time Withdrawal or Systematic Withdrawal. For a One-Time Withdrawal, specify the amount and how you want to handle contract charges and taxes.
If applicable, provide details for Required Minimum Distributions (RMD) calculations. Choose between Single Life or Joint Life calculations based on your situation.
Complete the 'Tax Withholding Disclosure/Election' section by selecting your federal and state withholding preferences. This is crucial for tax compliance.
Choose your delivery method for receiving funds—either via Electronic Fund Transfer (EFT) or check mailed to your address. Fill in necessary banking details if opting for EFT.
Finally, review all information entered for accuracy, sign where indicated, and submit your form through our platform for processing.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I get out of a living annuity?

The only way to get money out of a living annuity is by drawing a regular income, which you can choose to receive monthly, quarterly, or annually.

How long will my living annuity last?

The importance of selecting the right income level: The number of years that your ILLA will last depends on the investment returns of your portfolio and your level of income. To ensure that you sustain your standard of living throughout your retirement, you should select an appropriate income level for your age.

What is a living annuity withdrawal?

Living annuities are market-linked investments designed to give pensioners a regular retirement income, while simultaneously aiming to grow their retirement savings. A small portion is withdrawn from their retirement savings each month to provide them with a regular income.

How to get out of an annuity without penalty?

If you withdraw after age 59, you wont have to pay a tax penalty, but you will need to pay ordinary income tax on the portion of your withdrawal that comes from earnings. Even when you withdraw money from an annuity after the surrender charge period and after you docHub age 59, you still have to pay the income tax.

Can you withdraw money from a living annuity?

A Living Annuity is a post-retirement investment product that allows you to withdraw between 2.5% and 17.5% of your invested capital annually while keeping the remaining funds invested. You can also allocate up to 100% offshore or diversify between local and global markets.