1. 1000 POINTS
    Tyler Maddox
    Retirement Specialist, Cambridge Financial Group, Greenville, SC
    This depends on the annuity, but generally speaking, yes they can.

    A Deferred Annuity can be fully liquidated at any time. However, at the beginning of the contract there is an "Early Surrender Charge" if you withdraw over a certain amount. Usually this amount is anywhere from 5%-15% that you can withdraw free of any charges.

    An Immediate Annuity (or a fixed annuity that has been annuitized) has less options. But usually you are able to surrender the income stream for a certain percentage of the original deposit. However, there are usually time constraints on the percentage that is available.
    Answered on October 3, 2013
  2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>