If your deceased spouse was both the annuitant and owner of a non-qualified annuity and you are the surviving spouse and sole designated beneficiary, you may continue the Gleaner annuity without incurring tax consequences under Section 72(s) of the Internal Revenue Code by becoming the new annuitant and owner. Any applicable surrender charges remaining on the certificate will be waived.
| Death Claim Forms Required for Change of Annuitant and Owner under Section 72(s) for Spousal Beneficiaries | |
|---|---|
| Claim for Death Benefits | Select either option #8, #9, or #10 on this claim form. Please read the form carefully to fully understand the options offered. If transferring the proceeds tax-free to a new Gleaner annuity (#9), additional New Business forms will be required and can be obtained from a Gleaner agent. |
| Request for Change of Annuitant and Owner | Use this form to request a change of annuitant and owner for non-tax qualified annuities for spousal beneficiaries. |
| Change of Beneficiary | The surviving spouse should use this form to designate new beneficiaries if option #8 is elected and the existing annuity is to remain in force. |