What is the definition of Annuity Date?

The Annuity Date found in the Annuity Contract tells when the first annuity payment is to be made.  Simply put, this is the time when the regular payments start to kick in. Now, the annuity date does not prevent the annuity owner to enjoy access to the annuity, even before the annuity date arrives. As an annuity owner, you can still apply for a lump sum payment of your annuity (as computed by the annuity's present value less charges such as surrender fees). You can also select to have a periodic income that will be paid even before the annuity date. You may also make withdrawals from the annuity, subject to certain withdrawal fees.

This is also sometimes called the Maturity Date.

• Competitive State Fund
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• Businessowners Policy / BOP
• Employer’s Liability