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Bought Allianz annuity and want OUT
Old 11-02-2007, 09:29 AM   #1
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Bought Allianz annuity and want OUT

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
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Old 11-02-2007, 09:50 AM   #2
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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.
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Old 11-02-2007, 09:57 AM   #3
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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.
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Old 11-02-2007, 09:57 AM   #4
Confused about dryer sheets
 
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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.
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Old 11-02-2007, 10:02 AM   #5
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Quote:
Originally Posted by Crackle View Post
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.
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Old 11-02-2007, 10:04 AM   #6
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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.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 11-02-2007, 10:04 AM   #7
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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!
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Old 11-02-2007, 10:14 AM   #8
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Everyone,

Thank you for your recommendations. I will handle this appropriately.
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Old 11-02-2007, 10:26 AM   #9
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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.
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Old 11-02-2007, 10:39 AM   #10
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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.
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Old 11-02-2007, 10:53 AM   #11
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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.
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Old 11-02-2007, 11:03 AM   #12
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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.
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Old 11-02-2007, 11:08 AM   #13
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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.
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Old 11-02-2007, 11:32 AM   #14
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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
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Old 11-02-2007, 11:40 AM   #15
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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.
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Old 11-02-2007, 11:46 AM   #16
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Send it the way the annuity contract says you should send the notice. (plus do the fax)
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Old 11-02-2007, 11:56 AM   #17
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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....


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Old 11-02-2007, 12:00 PM   #18
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Bleached, chigger bitten bones of the last 3 USPS delivery people still littering your neighborhood?
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Old 11-02-2007, 12:03 PM   #19
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Thanks everyone.
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Certified letters
Old 11-02-2007, 04:00 PM   #20
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Certified letters

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.
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