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Partial surrender withdrawal request form

PHL Variable Insurance Company - SC Department of Insurance 2025

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The document is a Partial Surrender/Withdrawal Request form from Nassau Life and Annuity Company, providing instructions for policyholders to request withdrawals from their life insurance or annuity contracts. It outlines important considerations such as potential tax consequences, early withdrawal charges, and the need for proper signatures based on ownership type. The document includes sections for account information, payment methods, tax withholding elections, and direct deposit options, emphasizing the importance of completing all required fields for timely processing.

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Click ‘Get Form’ to open it in the editor.
Begin by filling out the 'Account Information' section. Enter your Policy/Contract Number, Insured/Annuitant Name(s), and Daytime Telephone Number.
In the 'Payment Method' section, select one option for your withdrawal: either a Penalty Free Amount or a Specified Amount. If you choose a specified amount, indicate how much you wish to withdraw.
Complete the 'Taxes' section by ensuring that the Federal/State Income Tax Withholding Election form is filled out and attached.
If applicable, check the appropriate box in the 'Tax-Sheltered Annuity Contract Additional Requirements' section based on your situation.
Finally, navigate to the 'Signatures and Dates' section. Ensure all required signatures are provided according to ownership type (individual, joint, trust, etc.) and date your form.

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

What does the South Carolina Department of Insurance do?

The mission of the State of South Carolina Department of Insurance (SCDOI) is to protect the insurance consumers, the public interest, and the insurance marketplace by ensuring the solvency of insurers; by enforcing and implementing the insurance laws of this State; and by regulating the insurance industry in an

What happened to PHL insurance?

On May 20, 2024, PHL Variable Insurance Company and its subsidiaries, Concord Re. Inc. and Palisado Re (collectively, PHL), entered into rehabilitation proceedings in the Connecticut Superior Court (Court).

What are the insurance laws in South Carolina?

If youre dissatisfied with the actions of your insurance company or insurance agent, you can file a complaint with your state department of insurance (DOI).

What type of insurance is variable life?

Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash-value account with money that is invested, typically in mutual funds. As a permanent life insurance policy, variable life insurance pays a death benefit to your beneficiaries when you die.

Are variable annuities regulated by the Department of Insurance?

Deferred variable annuities are hybrid investments containing securities and insurance features. Their sales are regulated both by FINRA and the Securities and Exchange Commission (SEC).

What is a DOI complaint?

The purpose of insurance commissioners is to maintain fair pricing for insurance products, protect the solvency of insurance companies, prevent unfair practices by insurance companies, and ensure availability of insurance coverage.

What is the function of the insurance department?

It strives for the fair treatment of policyholders, claimants and the public through the regulation of company claim payments and sales practices, responses to consumer complaints, and the timely review of insurance company denials of coverage.

PHL Variable Insurance Company - SC Department of Insurance 2025

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Got questions?

What does the South Carolina Department of Insurance do?

What happened to PHL insurance?

What are the insurance laws in South Carolina?

What type of insurance is variable life?

Are variable annuities regulated by the Department of Insurance?

People also ask

What is a DOI complaint?

What is the function of the insurance department?

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PHL Variable Insurance Company - SC Department of Insurance 2025

Here's how it works

How to use or fill out PHL Variable Insurance Company - SC Department of Insurance with our platform

Complete this form in 5 minutes or less

Got questions?

What does the South Carolina Department of Insurance do?

What happened to PHL insurance?

What are the insurance laws in South Carolina?

What type of insurance is variable life?

Are variable annuities regulated by the Department of Insurance?

Related Searches

People also ask

What is a DOI complaint?

What is the function of the insurance department?

Related links

Try more PDF tools