Could be any number of reasons, depending on what type of annuity you’re talking about. Are you fully vested in the funds? Are they holding out some for taxes?

The answer depends on how often the interest is compounded. Annually? Semi-Annually? Quarterly? Monthly? Daily? Depending on how often the interest is compounded, the annual interest rate for the annuity CHANGES!

My wife’s deceased step father used to sell for Western and Southern Life.
He has been gone 18 years. He put a few annuity policies for her nephews in her name, as he did with other family members. Trying to boost his sales, I guess.
The nephews are now adults, and we haven’t seen them in years.
Nor has anyone paid on the policies in years. Once a year we get a bill, but have never paid them.
The fund amounts are about $1,000.
Can she cash these in, or is it only for her nephews?
The policies are in her name.
Thank You!!!!

If the annuities are in her name, she is the legal owner of whatever they are worth. That said, if you have been ignoring bills for years, Western and Southern Life has most likely been using the ‘cash value’ to pay the premiums for the attached life insurance policy. It is entirely possible there is nothing left to cash in. It can’t hurt to ASK, but I think you will be disappointed.

I am receiving an amount every month, but i want a large lump sum. Iv called and spoke with a representative twice and they tell me because of the privacy policy they can not tell me how much i have and when i ask how to cash out they say i must go though someone else, or to receive a lump sum i must be 25k in debt. Can anyone help me figure out who i need to contact to talk about getting my money, and will actually have the answers im looking for?
I am the owner

Did you have a structured settlement as the result of a claim? If so, you can’t cash it in for a lump sum.

There are companies that advertise on tv that they will buy your structured settlement. But those companies offer pennies on the dollar. So, you’d be a fool to do that. And your structure may have language in it that prevents it from being sold to one of those companies.

Your father is about to retire, and he wants to Buy an Annuity that will provide him with $50,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 6%. How much would it cost him to buy the annuity today?

use a financial calc.

Set to BEGIN mode, since the pmts start immediately:

n=20
i=6
pmt=50000
fv=0
pv= ? what we need to spend to buy the annuity

solve for pv=$607,905.82

I know the correct information that needs to be submitted but do not have the form. We got the available balance minus 20%(tax)paid directly to the IRS from the fund. HELP!!DESPARTELY need to file now.

you should be able to download from inside your account.

This has been held since early 80’s and I was thinking of cashing in to get more term insurance and
pay off debt. Any advise?

Pay off debt that can be used as a tax credit and there won’t be any consequences. Home mortgage, business credit cards, energy efficient home improvements are great tax credits. And pay 2.4% federal taxes when you cash it in. This will help you break even if you are making more than 75,000 a year.