What is An Annuity Statement

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

What Is An Annuity Statement?

An annuity statement is a report created by your annuity company that tracks the performance of your annuity over time. It includes updates on your account balance and the interest or dividends you’ve earned. This information is crucial for tax purposes and for making informed decisions about your financial future.

The Balance

The balance section of your annuity statement shows how much money you have in your annuity account. For example, if you have a balance of $100,000, this section will detail how much interest or dividends you have earned on that balance over a given period.


The fees section outlines any charges applied to your account. These fees can vary depending on the type of annuity you have. For instance, some annuities charge a fee for early withdrawals. Understanding these fees helps you manage your annuity more effectively.

Accumulation Value (Account Value)

This value represents the current worth of your annuity if you were to cash it out today. The accumulation value fluctuates based on the performance of the underlying investments in your annuity.

Cash Surrender Value

The cash surrender value is the amount you would receive if you surrendered your annuity contract today. Typically, this value is lower than the accumulation value as it doesn’t consider the interest earned on your investment.

Death Benefit Value

The death benefit value is the amount your beneficiaries would receive if you passed away. This value is usually higher than the cash surrender value as it includes the interest earned on your investment.

Lifetime Income Value

This value indicates the amount you would receive if you started taking income payments from your annuity today. It’s generally higher than the cash surrender value due to the inclusion of interest earned on your investment.

Annuity Statement

How We Can Help

At The Annuity Expert, we understand that navigating the complexities of annuity statements can be overwhelming. For 15 years, we’ve been dedicated to finding the best solutions at the lowest costs for our clients. Whether you’re an individual looking to secure your retirement or a family planning for the future, we know the challenges you face and the importance of making informed financial decisions.

You might be worried about the hidden fees, unsure about the true value of your annuity, or concerned about the potential returns on your investment. We believe in transparency and simplicity, ensuring that you fully understand your annuity statement and make the most of your investment. Our goal is to provide you with the knowledge and tools to feel confident in your financial future.

Annuity Statement

What We Recommend

Step 1: Contact Us for a Free Consultation

The first step is to contact us for a personalized consultation. During this session, we will review your annuity statement, explain the details, and answer any questions you may have. The main benefit is gaining clarity and understanding of your current financial status.

Step 2: Detailed Analysis and Recommendations

Next, we will perform a detailed analysis of your annuity, identifying potential areas for improvement and suggesting strategies to maximize your returns. This step ensures that you make the most of your investment and minimize unnecessary fees.

Step 3: Implementing the Best Strategies

Finally, we will help you implement the recommended strategies, whether it involves adjusting your current annuity, exploring new investment opportunities, or planning for future withdrawals. The main benefit is achieving a secure and optimized financial plan that aligns with your retirement goals.

Features and Benefits

  • Personalized Advice: Tailored strategies that suit your unique financial situation, ensuring the best outcomes.
  • Transparent Fee Structures: Clear understanding of all fees involved, helping you avoid unnecessary costs.
  • Expert Analysis: In-depth review and recommendations from experienced professionals, maximizing your investment’s potential.
  • Ongoing Support: Continuous guidance and support, adapting your plan as needed to meet your evolving needs.

Common objections might include concerns about the complexity of annuities or doubts about the value of professional advice. We counter these by emphasizing our 15 years of expertise, our commitment to transparency, and our proven track record of helping clients achieve their financial goals.

Not working with us could mean missing out on optimized returns and paying unnecessary fees. On the other hand, partnering with us ensures a secure financial future, peace of mind, and the confidence that comes with expert guidance.

To experience these positive outcomes and gain control over your financial future, contact us today for free advice or a quote.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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