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	<title>New answer on: Do Fixed Annuities Have Surrender Charges?</title>

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		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/annuities/do-fixed-annuities-have-surrender-charges</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Sat, 06 Dec 2014 19:02:35 +0000</pubDate>

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		<description><![CDATA[That is a great question! In almost every case, yes they will. The deferred annuities are designed to have that period of time for the money to grow, and removing it early removes that possibility. Since the insurance company is banking upon that money to make their money on, they are going to recoup some of that loss by imposing the surrender fee on you. 
 The fee generally is highest in the first year, and lowers as time goes on. There are also policies that will allow the surrender of the funds without fees, if certain conditions are met, so be sure to ask if your annuity has, or will have a &quot;bailout&quot; clause.
 Please be aware that if there is a reasonable belief that you might have a need for the cash you are investing in an annuity before its maturation date, then it may not be the right investment for you. An investment that costs you money to get your own back is not a suitable one. A good agent will have discussed this thoroughly with you. Thank you for asking!]]></description>

		

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		<title>By: Karl Renwanz</title>

		<link>https://insurancelibrary.com/annuities/do-fixed-annuities-have-surrender-charges</link>

		<dc:creator>Karl Renwanz</dc:creator>

		<pubDate>Sat, 25 Oct 2014 15:50:05 +0000</pubDate>

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		<description><![CDATA[Fixed annuities typically have a schedule in the contract that shows the surrender charges, year-by-year.  Depending on the product, the surrender charges decline each year and will go away after a certain number of years.

Most annuities will allow you to withdraw up to 10% each year without any penalty or surrender charge.  Annuities can be as short as three years.  Money you use to purchase an annuity should be considered committed for that duration in order to take full advantage of the benefits the annuity offers.  As always, a knowledgeable agent can be helpful in determining suitability.]]></description>

		

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