Annuity disclosure form is a standardized document that outlines key features, risks, fees, and surrender provisions of an annuity product in plain language, provided to clients before or at the time of sale. Many states and carriers require annuity-specific disclosures, especially for indexed and variable annuities, to support suitability and best-interest rules. The form typically explains how the product works, what guarantees are and are not provided, how interest is credited, what charges apply, and what happens if the client withdraws funds early. Proper use of annuity disclosure forms helps ensure that clients are making informed decisions and that advisors meet documentation requirements.

Advisors present annuity disclosure forms during the sales process, often reviewing them line by line with clients and obtaining signatures to document receipt and understanding. Compliance departments rely on signed disclosures to demonstrate that key risks and costs were communicated. In regulatory exams or complaint investigations, these forms are reviewed to assess whether the sale aligned with suitability standards. Advisors sometimes use disclosure forms as teaching tools, highlighting sections on surrender schedules, caps and participation rates, and income rider fees. Understanding annuity disclosure forms helps advisors embrace transparency, reduce misunderstandings, and create a clear paper trail supporting their recommendations.