A time frame in which an investor is mandated to wait until he / she can obtain monies from an annuity without incurring charges. Removing monies before a pre-determined refraining period can result in a surrender charge. Longer surrender periods allow for better returns for the investor.
Related information about surrender period:
- Surrender Period Definition | Investopedia
The amount of time an investor must wait until he or she can withdraw funds from an annuity without facing a penalty. Withdrawing money before the ...
- Surrender Period - How Surrender Periods Work
A surrender period is how long you must wait before taking money out of an annuity without penalty. An annuity might not have a surrender period, or it may last ...
- Surrender Period Definition & Example | InvestingAnswers
We explain the definition of Surrender Period, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.
- Annuity Surrender Charges Explained
For example, a surrender schedule of 8%, 7%, 6%, 5%, 4%, 3%, 2% indicates a 7 -year surrender period with an 8% charge in the first year after a purchase ...
- Variable Annuity Surrender Charges
Jul 28, 2001... from a variable annuity during the "surrender period"-a set period of time that typically lasts six to eight years after you purchase the annuity.
- Annuity Answer Booklet - The Standard
After the surrender period is complete, withdrawals are permitted without charges . Please note that the surrender charges are not a part of or associated with the ...
- What Happens When You Surrender an Annuity? | California ...
Annuity A bases its surrender period on the date of the policy. It has a seven-year surrender period starting at 7% and dropping one percentage each year.
- What is an annuity? - CNN Money
What's more, by moving into a new annuity, you will start a new surrender period. For example, say you have owned an annuity for 10 years. You probably could ...