<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: Can Deferred Annuities Be Surrendered?</title>

	<atom:link href="https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered/feed" rel="self" type="application/rss+xml" />

	<link>https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: Jim Winkler</title>

		<link>https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</link>

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

		<pubDate>Wed, 17 Sep 2014 21:39:51 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</guid>


		<description><![CDATA[That is a great question! Yes, you can surrender your annuity, the question is do you really want to? The type of annuity that you purchased is designed to sit for a while to allow the insurance company to make money too, and you have to know they are going to get theirs, one way or another. This is done by assessing you a surrender fee, and it is a percentage of the premium you deposited to start the annuity. Depending upon your annuity and the length of time you&#039;ve had it, this can be upwards of 10%. If the money has been there several years, and you are just now needing some cash, I&#039;d recommend looking at every other option first. It&#039;s likely that you may be able to take a percentage free from your annuity, but that can greatly affect the payout amounts later, so I&#039;d look for other options first. Can you borrow from your life insurance, for example? Please contact your agent, and really look at your options, ok? drop me a line, I&#039;d be happy to help. Thanks for asking!]]></description>

		

	</item>


	<item>

		<title>By: David Pipes</title>

		<link>https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Tue, 16 Sep 2014 20:49:24 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</guid>


		<description><![CDATA[Almost every annuity can be surrendered.  A deferred annuity frequently has a surrender charge.  This charge is a percentage of the value of the annuity and normally reduces every year until it vanishes.  There might be income tax consequences because the earnings inside the annuity have not been previously taxed.  If the deferred annuity has started paying a lifetime income or other settlement to the annuitant, it is highly unlikely that the contract can be surrendered at that point.]]></description>

		

	</item>


	<item>

		<title>By: David Racich</title>

		<link>https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sat, 08 Jun 2013 21:29:23 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</guid>


		<description><![CDATA[Any annuity can be surrendered. The question is at what cost, if any, will the surrender trigger a surrender charge, a taxable event or a pre age 59 ½ penalty. And if the annuity is in a qualified plan, there may be other exit costs associated with the surrender of the policy.
  ]]></description>

		

	</item>


	<item>

		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 08 Jun 2013 16:18:47 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/annuities/can-deferred-annuities-be-surrendered</guid>


		<description><![CDATA[Yes, deferred annuities can be surrendered. There will be a surrender charge if you surrender your annuity in the first years of the policy (usually 5 to 8 years, whatever is stated in your contract). And you must wait to surrender it until after age 59.5 to avoid a 10% penalty. You can switch annuities in a 1035 exchange without paying taxes on the surrender value.]]></description>

		

	</item>


</channel>

</rss>

