Bought Allianz annuity and want OUT

[Crackle]

I signed up the for the Allianz Endurance 15 annuity on Monday, October 22nd and it was setup on the 24th. Signed the receipt last night - the 20-day free look period should officially begin today. I plan to send (fax) notice of my decision to opt out within the next couple of business days . . however, I want to know that they actually receive the notice. Is there a recommended strategy for confirming this? Simply call back a day later or something? :confused:

Thanks

[samclem]

Yes, you definitely want proof that you've requested out within the alloted window.

I think you'd be covered by sending them a registered letter, "Return Receipt Requested." The paperwork is available in the post office. Make a copy of what you sent them and keep it with the receipt you get for the registered letter. In addition, I believe you can now track the fact that your addressee has received the letter via a web page. When they have received your letter, print out the page and put it with your other papers.

You've done yourself a terrific service by catching this in time. Congratulations. Now, don't let up until everything is finished and you've got acknowledgment from them that you've severed your contract.

[ziggy29]

You have 20 days, so I wouldn't merely fax it -- make it official and bulletproof i na way that they can't deny receipt. I'd mail registered or certified with return receipt. If I faxed anything, it would just be an unofficial letter stating my intent to cancel and that the formal request was to come via registered/certified mail in the next few days.

[Crackle]

Thanks. They are asking me to fax the notice to their 'policy holder benefits' department. I'm not sure how I can track that unless I ask them to send me a confirmation fax back or something. :confused:

Otherwise, maybe sending a registered letter is the way to go.

[REWahoo]

Quote:

Originally Posted by Crackle Thanks. They are asking me to fax the notice to their 'policy holder benefits' department. I'm not sure how I can track that unless I ask them to send me a confirmation fax back or something. :confused: Otherwise, maybe sending a registered letter is the way to go.

Why take any chances? Do both.

[ziggy29]

Quote:

Originally Posted by Crackle Thanks. They are asking me to fax the notice to their 'policy holder benefits' department. I'm not sure how I can track that unless I ask them to send me a confirmation fax back or something. :confused: Otherwise, maybe sending a registered letter is the way to go.

I doubt it's either/or. I'd use every communication mechanism available to me until my request to cancel was acknowledged and my money was returned to me.

[Crackle]

Quote:

Originally Posted by ziggy29 You have 20 days, so I wouldn't merely fax it -- make it official and bulletproof i na way that they can't deny receipt. I'd mail registered or certified with return receipt. If I faxed anything, it would just be an unofficial letter stating my intent to cancel and that the formal request was to come via registered/certified mail in the next few days.

I think I'll take that suggestion.

Would it be ok to send the opt-out notice by both fax AND registered/ceritified mail? Or does the less specific intent-to-cancel letter by fax seem more appropriate?

I seriously appreciate your help with this!

[Crackle]

Everyone,

Thank you for your recommendations. I will handle this appropriately.

[cute fuzzy bunny]

Your fax machine should also be able to print out a report showing the fax date, phone number, number of pages, and status of the transmission. That plus a registered letter receipt should do the trick.

Note that some financial institutions (like vanguard) have one address for regular mail and a different one for registered/overnight type documents. Make sure you send to the right one.

[Crackle]

Quote:

Originally Posted by cute fuzzy bunny Note that some financial institutions (like vanguard) have one address for regular mail and a different one for registered/overnight type documents. Make sure you send to the right one.

I was wondering about that . . . I confirmed their mailing address is a PO Box but I'm not sure that's right for registered. Will confirm again.

[A854321]

Make sure you cover ALL bases: Registered & certified mail, regular mail to each mailing address (including the PO box), fax with printout of fax transmission, telephone call with name/date of notification.

It is in their best interest to deny ever receiving your opt-out paperwork, or to claim it was tardy.

Making the opt out a Pain-in-the-A$$ for you all works in their favor.

[Crackle]

So far I have only been given one mailing address. I will confirm that there's not a secondary for registered / overnight. It's my understanding that they will not accept the opt-out over the phone. It must be faxed-in. I CAN try to get the voice number to the 'policy holder benefits' dept. to discuss further.

I'm also wondering what kind of trouble I might have getting them to write the check back to me. I'm sure it is miniscule to them but I'm dealing with 15K.

[REWahoo]

Quote:

Originally Posted by Crackle I was wondering about that . . . I confirmed their mailing address is a PO Box but I'm not sure that's right for registered. Will confirm again.

The USPS will require a physical mailing address. PO box address won't work.

[cute fuzzy bunny]

I did an overnight to a PO box through the USPS. Overnight envelope express mail service with delivery and signature guarantee.

USPS - Overnight Guaranteed Envelopes

[Goonie]

Quote:

Originally Posted by Crackle I signed up the for the Allianz Endurance 15 annuity

Crackle, is it the Allianz Life Ins Co of North America? In Minneapolis? PO Box 1344? If so, I found this address under their "Legal Notes" at the bottom of their webpage:

Allianz
5701 Golden Hills Drive
Minneapolis, MN 55416-1297

It states:

General contact information
If you have any questions about these Terms of Use, the practices of this Web site, or your dealings with this Web site, you may contact us by sending a letter via the U.S. mail to:

Allianz
5701 Golden Hills Drive
Minneapolis, MN 55416-1297


Hope this helps.
Goonie

[Martha]

Send it the way the annuity contract says you should send the notice. (plus do the fax)

[REWahoo]

I stand corrected. As His Bunnyness points out, you can mail to a PO Box and get a signature of receipt. Not that I'd trust the frickin' USPS to deliver anything if I had any other reasonable alternative....

[cute fuzzy bunny]

Bleached, chigger bitten bones of the last 3 USPS delivery people still littering your neighborhood?

[Crackle]

Thanks everyone.

[cashflo2u2]

Remember in really important matters a certified/registered letter does not prove anything except that you sent a certified/registered envelope. It could be empty or have dog doo doo in it. You have to follow certain steps like typing the receipt # on the enclosures and making copies, etc.