Most Deferred Annuities allow you to withdraw a certain amount free of surrender charges. Many allow 10% free each year. Others allow 5% or whatever interest has accumulated.
Ask your agent or read your contract to find out the specific amount your annuity allows.
An Immediate Annuity is usually more restrictive when it comes to withdrawals. It is usually only advisable to take withdrawals from an immediate annuity in the event of an emergency. But since an immediate annuity pays a monthly or yearly income, it is usually rare that people access any withdrawal features.
.JPG){kind=avatar}
Ask your agent or read your contract to find out the specific amount your annuity allows.
An Immediate Annuity is usually more restrictive when it comes to withdrawals. It is usually only advisable to take withdrawals from an immediate annuity in the event of an emergency. But since an immediate annuity pays a monthly or yearly income, it is usually rare that people access any withdrawal features.