Stinky wrote: ↑Fri Feb 09, 2024 1:50 pm
Sounds like you had a three year MYGA from American Equity.
Correct.
In hindsight, probably your “original mistake” was not contacting BOTH Schwab and American Equity to facilitate the transfer. The process might have moved faster if you had.
Actually, I did. First AE, who said you have to do it thru Schwab. Then after Schwab sent the paperwork (2 weeks after I asked them to), and nothing happened, Schwab told me that AE needed to hear from me.
BTW - probably the leading complaint in the Forum MYGA mega-thread is that many insurance companies use snail mail for paying out policy proceeds.
Yeah, it's ridiculous. They didn't even send it
registered snail mail.