Is There A Surrender Period In An Immediate Annuity?

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One response to “Is There A Surrender Period In An Immediate Annuity?”

1. 

   October 29, 2014

   Matt Benore

   An Immediate Annuity generally speaking does not have a surrender period. In fact, if you set up an Immediate Annuity, you are giving your monies to the insurance company in exchange for a guaranteed payout depending on how you set this up.

   There is a company however that after 3 years will allow you to surrender or take a partial withdrawal of the funds remaining.

   IF you would like more information, do not hesitate to contact me.