* Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
We understand that financial decisions can be complex. If you have questions or need clarification, reach out to our team of experienced professionals.
A Retirement Income Calculator is a tool to assist in planning retirement by estimating future income needs.
An Immediate Annuity Calculator is a tool that estimates future income from an immediate annuity.
A Fixed Annuity Calculator is a financial tool that helps individuals estimate the future value of a fixed annuity investment.
It allows users to input various variables such as initial investment, contribution frequency and expected rate of return.
Our team of experienced professionals will analyze your needs and provide you with
customized recommendations tailored to your specific situation.
Variable annuity surrender charges are fees imposed by insurance companies when an investor decides to withdraw or surrender funds from a variable annuity within a specified surrender period. These charges are designed to discourage early withdrawals and typically apply during the initial years of the annuity contract.
The calculation of surrender charges varies among insurance companies and annuity contracts. However, they are often determined as a percentage of the withdrawn amount and decrease gradually over the surrender period. The longer an investor holds the annuity, the lower the surrender charges become
Generally, surrender charges can be avoided by waiting until the surrender period expires, which varies depending on the annuity contract. Once the surrender period ends, you can typically withdraw your funds without incurring surrender charges. However, some annuities offer penalty-free withdrawal provisions for specific circumstances, such as death or disability.
Not all variable annuities have surrender charges. The presence and terms of surrender charges depend on the specific annuity contract and the insurance company that issues it. It's essential to review the contract documents to understand if and when surrender charges apply.
Yes, surrender charges should be considered when making investment decisions about a variable annuity. They can impact the timing and cost of withdrawals. Investors should evaluate their financial needs, the surrender period, and the associated charges before deciding to invest in or withdraw from a variable annuity.
We are dedicated to helping individual investors make informed annuity purchase decisions by utilizing a process that is as easy, fast, private and secure as possible.
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Annuity is your premier fixed annuities marketplace on the web, offering one-stop shopping for all your annuity rates and annuity quote needs. Browse through our user-friendly interface which simplifies the process of finding the right annuity plan.
*Rates are based on current interest rates and are subject to change at any time. Some first year yields/rates reflect the fixed rate plus a premium bonus or interest rate enhancement. Upfront bonuses are frequently subject to a vesting schedule. Not all annuities are available in all states. Surrender charges may apply to withdrawals during the surrender period. A 10% IRS penalty may apply to withdrawals prior to age 59 ½. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer.
*Annuities are not guaranteed by any bank or credit union and are not insured by the FDIC or any other federal government agency. Information presented on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from a qualified professional.
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