A registered annuity prospectus is the formal disclosure document for a variable annuity or registered index-linked annuity (RILA) that is filed with the SEC and provided to prospective purchasers. It describes the contract's features, fees, investment options, risks, tax treatment, and the financial condition of the issuing insurer and separate account. The prospectus also outlines surrender charges, optional riders, death benefits, and examples of how different investment or crediting scenarios may affect contract values. Because registered annuities are securities, delivery of the prospectus is a key investor protection requirement, ensuring that buyers receive detailed information before or at the time of sale.

In daily practice, advisors and broker-dealers rely on the registered annuity prospectus as the authoritative source for contract details and disclosures. Electronic prospectus delivery is common, supplemented by summary prospectuses and marketing pieces that present information in more digestible formats. Compliance departments verify that the correct, current prospectus is delivered for each product and share class. When clients ask detailed questions about underlying fund expenses, rider costs, or risk factors, advisors frequently consult the prospectus. During audits and arbitration, documentation that the registered annuity prospectus was delivered can be an important part of demonstrating that the client had an opportunity to review material disclosures.