# Annuity Contract Agreement
**This Annuity Contract Agreement ("Agreement") is made and entered into as of the [Date] by and between:**
**1. [Annuitant's Full Name]**
Address: [Annuitant's Address]
(Hereinafter referred to as "Annuitant")
**2. [Issuer's Full Name or Company Name]**
Address: [Issuer's Address]
(Hereinafter referred to as "Issuer")
**WHEREAS**, the Annuitant desires to enter into an agreement to receive payments from the Issuer, and the Issuer agrees to provide such payments in accordance with the terms set forth in this Agreement.
**NOW, THEREFORE**, in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows:
## 1. Purpose of Agreement
The purpose of this Agreement is to establish a plan whereby the Issuer will make periodic payments to the Annuitant in exchange for a premium payment.
## 2. Annuity Premium
The Annuitant agrees to pay an initial premium amount of **$[Amount]** to the Issuer. This premium must be paid on or before **[Payment Due Date]**.
## 3. Payment Schedule
The Issuer agrees to provide the Annuitant with periodic payments according to the following schedule:
- **Commencement Date**: [Start Date of Payments]
- **Frequency of Payments**: [Monthly, Quarterly, Annually]
- **Amount of Payments**: $[Amount per Payment]
- **Total Number of Payments**: [Total Number of Payments]
## 4. Payment Method
Payments will be made via [check, direct deposit, wire transfer, etc.], to the Annuitant’s designated bank account or address as follows:
- Bank Name: [Bank Name]
- Account Number: [Account Number]
- Routing Number: [Routing Number]
- Address: [Payment Address]
## 5. Annuity Options
The Annuitant may select additional features for the annuity, including:
- **Death Benefit**: [Yes/No – description of the death benefit provision]
- **Inflation Protection**: [Yes/No – description of inflation adjustment options]
- **Surrender Options**: [Surrender charges, if any, terms for early withdrawal]
## 6. Rights and Obligations
- The Issuer shall make payments in accordance with this Agreement.
- The Annuitant shall provide all necessary information and documentation as required by the Issuer.
- The Annuitant may not assign or transfer rights under this Agreement without the Issuer's written consent.
## 7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law principles.
## 8. Entire Agreement
This Agreement constitutes the entire agreement between the parties pertaining to the subject matter hereof and supersedes all prior agreements and understandings, whether oral or written.
## 9. Amendments
No amendment, modification, or alteration of this Agreement shall be binding unless made in writing and signed by both parties.
## 10. Signatures
The parties hereto have executed this Annuity Contract Agreement as of the date first above written.
**Annuitant Signature:** ___________________________
Name: [Annuitant's Name]
Date: _______________
**Issuer Signature:** ___________________________
Name: [Issuer's Representative Name]
Title: [Issuer's Representative Title]
Date: _______________
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*This template is for informational purposes only and does not constitute legal advice. It is recommended to consult with a legal professional when drafting or entering into contracts.*