The free look period is a 30-day period after your annuity is issued. During this time, you can return your contract for a full refund of your premium payment, for any reason.

Annuitization is the process of converting your annuity into a stream of regular income payments, often for life. You can choose to annuitize anytime after one year of your contract issue date, including at the end of your term.

You can:

Renew your contract for another term with a new interest rate

Withdraw your funds to a bank account or transfer to another account (like a 1035 exchange or rollover)

Annuitize your contract to receive regular income payments

You can receive your balance as a lump sum, convert it to regular income payments through annuitization, or roll it into a new annuity.