Ask Terry Questions duplicate copy of annuity

duplicate copy of annuity

By Terry Savage on May 05, 2015 | Investments

Hi Terry,

My husband bought an annuity in 1994 (flexible premium tax deferred annuity). He can’t find the policy and when I contacted the company they want us to send them $25.00 to mail out a duplicate copy. Is this fee common?

Thank you.

Terry Says:  Well, it’s not outrageous, but I think it’s unnecessary.  And you might need some advice about what to do with it now.  I think you can avoid that fee by using an agent who specializes in helping people who have “orphaned” policies — those without an agent. Contact Jeffrey Oster at Raymond James who is my annuity expert. His toll free number is 888-55-1035.



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