Home
Forms Library
Riversource outgoing annuity transfer form

Riversource outgoing annuity transfer form 2025

riversource outgoing annuity transfer form Preview on Page 1

See details

4 out of 5

57 votes

The document is a form from RiverSource Life Insurance Company for transferring, exchanging, converting, or rolling over assets from their annuities to another company. It outlines the necessary steps and information required for such transactions, including product types, account details, tax implications, and spousal consent requirements for 403(b) plans subject to ERISA. Additionally, it provides guidance on rollover options and associated tax consequences.

Here's how it works

01. Edit your riversource outgoing annuity transfer form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send riversource via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out riversource outgoing annuity transfer form with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the riversource outgoing annuity transfer form in the editor.
Begin by filling out Part 1, which requires your name and the account number of the RiverSource Life account you are transferring assets from. Select the product type for this request, ensuring you choose correctly to avoid processing delays.
In Part 2, provide details about the account you are moving assets to, including company name and product type. Specify whether it is a new or existing contract.
Complete Part 3 by entering your plan sponsor information, including their identification number and contact details.
In Part 4, indicate your withholding instructions for tax purposes. Choose whether to withhold taxes or not based on your financial situation.
Finally, review Parts 5 and 6 for acknowledgments and signatures. Ensure all required signatures are obtained before submitting the form.

Start using our platform today to streamline your document editing and signing process for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

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 you transfer an annuity?

How To Transfer an Annuity to Another Company. To transfer your annuity to another company without paying taxes or penalties, you must complete a 1035 exchange. Section 1035 of the U.S. tax code governs the transfer of financial products like annuities and life insurance.

What is a 1035 transfer form?

Withdrawal request form (Qualified) Use this form to request a full surrender or a partial withdrawal from a qualified annuity contract.

How do I transfer an annuity without penalty?

Yes, however depending on the status of the new owner, the change may result in a taxable event. Non-taxable ownership changes: a change in ownership to the owners grantor trust, to a spouse or to the spouses grantor trust does not result in immediate tax consequences.