What's the process of opening an annuity account?

{"subtitle":"It is usually a 4-step process that could take several days to a few weeks to complete.","answer":"\u003col\u003e\n \u003cli\u003eCompare products and complete annuity application forms.\u003c/li\u003e\n \u003cli\u003e\u003cstrong\u003eSuitability:nbsp annuity companies will review your financial profile and goals very carefully, to ensure the specific annuity contract is suitable to you.\u003c/li\u003e\n \u003cli\u003e\u003cstrong\u003eFund Transfer:nbsp the new account may be funded by cash/check, IRA transfer or 401(k) rollover. This could be a slow step that needs your follow-up.\u003c/li\u003e\n \u003cli\u003e\u003cstrong\u003eFree-link:nbsp when the annuity company receives the fund, your account will be activated. Some annuity contract documents will be mailed to you. Most companies have a provision called the free look period that gives the pruchaser 10 to 30 days to consider the terms of the contract.\u003c/li\u003e\n \u003c/ol\u003e