surrender charge

If the account has been open for three contract years, there is no surrender charge.

Families must pay huge surrender charges if they cancel within the first few years.

As per the new guidelines, there would be no surrender charges from the fifth year.

Moreover, there are no surrender charges for investors who withdraw their money.

Any cancellation after that time frame are not subject to a surrender charge.

Now, some companies will waive the surrender charges under such circumstances - but again, at a cost.

Surrender charges are imposed when a contract is cancelled within a set time frame.

Many annuities have substantial surrender charges if you try to cash out in the first few years.

To avoid surrender charges, the money must remain for six to eight years, depending on the annuity.

The investment is subject to surrender charges and is not available for loans early on.

"No-load" means the products have no sales commissions or surrender charges.

These surrender charges vary, but typically range from 6 percent to 8 percent.

The fees grow larger when surrender charges for early withdrawals apply.

The value of the investment is often subject to a surrender charge in determining the cash value.

Some contracts may permit you to pull out a portion of the funds annually, usually up to 10 percent without a surrender charge.

Most annuities have a surrender charge that begins at 5 percent or more and declines to zero over several years.

Sale of the complex annuities, which often have high surrender charges, has risen over the last decade.

Often, variable annuities are incredibly expensive, with their high commissions and surrender charges.

The new annuity has no initial sales charges or surrender charges.

Cashing in an annuity may also trigger surrender charges that can be substantial.

Equity linked annuities also have higher surrender charges, making it difficult for investors to pull out if they need the money.

One you didn't mention was surrender charges.

You may also have to pay a surrender charge to the insurer as high as 25 percent of the early withdrawals.

And the surrender charge is 7 percent of the annuity deposits, compared with 9 percent elsewhere.

Companies that sell annuities say that the higher rates they pay justify the surrender charges.