How do annuities pay?

Please Note the Following Information Regarding Annuities:

All annuity payments are made through PFA. PFA requires a FULL copy of every signed client application that is sent to any of our carriers, also be sent to annuities@pfaoffice.com.

LSW FIT CHOICE product single premium rollover annuities over $500,000; require a copy of the delivery receipt be sent to annuities@pfaoffice.com. Annuity commissions are released for payment at the PFA pay-run following the expiration of the free look period. If the annuity is a single premium rollover that is less than $500,000; the commissions are released at the PFA pay-run following receipt of the funds from the carrier, regardless of the free look period.

All other single premium rollover annuities over $25,000 require a copy of the delivery receipt be sent to annuities@pfaoffice.com. Annuity commissions are released for payment at the PFA pay-run following the expiration of the free look period. If the annuity is a single premium rollover that is less than $25,000; the commissions are released at the PFA pay-run following receipt of the funds from the carrier, regardless of the free look period.

The free look period for All PFA Commissions Payments is thirty (30) days.

Flexible premium annuities (aka “monthly dump-in” annuities) are ALWAYS paid “as earned”. Beginning September 2020, these will be paid out on a quarterly basis.

Remember to check P.Trac periodically for the latest version available of the PFA annuity grid for “street” commission references. This grid is updated frequently (typically every three months); and may change at any time without notice. You can retrieve the annuity grid at our PFA Community.

F&G and Equitrust follow the same guidelines as above.