If the annuity contract is taken face-to-face, when must required documents be given?

When an annuity contract is taken face-to-face, it is required that all necessary documents be provided at the time of application. This is crucial because offering the documents promptly ensures that the consumer has the information they need to make an informed decision about the annuity they are purchasing.

By providing the required documents during the application process, the insurer fosters transparency and compliance with regulations. This helps prevent any misunderstandings about the terms of the annuity and the commitments involved. Also, it allows the applicant time to review the documents thoroughly before making financial commitments, reinforcing the concept of consumer protection in financial transactions.

The other choices suggest providing the documents at different times, but those timings do not align with the established best practices for ensuring that consumers have all necessary information upfront, which is essential for a transaction involving complex financial instruments like annuities.