Surrender Charge
Most annuities require you to keep the investment for a minimum period—usually 7 years. If you surrender or give up the annuity before then, the annuity company will make you pat (usually 1–5%).
Most annuities require you to keep the investment for a minimum period—usually 7 years. If you surrender or give up the annuity before then, the annuity company will make you pat (usually 1–5%).