Is Annuity A Liquid Asset?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    To qualify as a liquid asset a product must have a ready market and if the product is sold there should not be any depreciation in price.  An annuity fits all of these with the exception that a deferred annuity might have a surrender charge (much like an early withdrawal penalty) that would reduce the value of the annuity.  Most companies will handle the surrender of an annuity within a few business days.
    Answered on August 15, 2014
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