Legal Question in Insurance Law in Florida

Surrendered Annuity

Sole beneficiary on variable annuity. Mailed org policy, ins company rec'd on 3/9. They wrote check on 3/11 and used value of 3/9. Is this standard, and what about the change of value during those two days?


Asked on 3/19/09, 10:46 am

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: Surrendered Annuity

This is not particularly unusual in my experience. It is buried in the fine print of the documentation that you signed at the outset.

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Answered on 3/19/09, 10:49 am


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