Adding an account that is an annuity. Is the insurance company the financial institution?
tigerpull1
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When adding an account that is an annuity is the insurance company or the financial company that is acting as the agent for the insurance company?
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Hi "@tigrpull1"
An annuity is a contract between you and the insurance company, so the insurance company is the "financial institution" for Quicken purposes.
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
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Where do you logon to view your annuity account and any activity/transactions ?
That would be the same place that Quicken would probably want the account setup.BUT - depending upon the institution - they may not have a connection with Quicken, and any data keeping would be purely manually copying entries from online or paper statements into Quicken.LASTLY - if you can't logon and see your account.... then it doesn't matter -QWin - R54.16 - Win10
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Follow-up...
In terms of tracking, there may be little to track and probably nothing to download - depending on the type of annuity and its contractual terms, so using brokerage account in Quicken is probably the best choice.
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -0
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