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What is an annuity letter?

| Updated: May 6, 2025. An annuity statement is a snapshot of your annuitys performance over time, produced by the company that issued the annuity. Youll receive regular updates of the value of your annuity and any interest or dividends youve earned along with other important information for tax purposes.

What does annuity service mean?

More In Retirement Plans An annuity is a contract that requires regular payments for more than one full year to the person entitled to receive the payments (annuitant). You can buy an annuity contract alone or with the help of your employer.

How to pull money out of an annuity?

An annuity is a written contract, typically between you and a life insurance company, in which the insurance company makes a series of regularly spaced payments to you in return for a premium or premiums you have paid.