With proper planning, however, you can easily avoid surrender charges. The key is knowing how much liquidity or access to funds you may need in your annuity. That depends on your circumstances: how ...

Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.

Surrender, in the context of annuities, refers to the act of terminating the annuity contract and receiving the remaining value of the contract in a lump sum, rather than receiving future payments.

Annuities have become an increasingly popular retirement tool, with total annuity sales hitting $119.2 billion in the second quarter of 2025, an uptick of about 8% compared to Q2 2024, according to ...

Purchasing an annuity is an easy way to try and guarantee lifelong income. Beware of surprise annuity expenses like a surrender charge or insurance agent commissions. Are you ahead, or behind on ...