Generally, but not always, the longer the surrender period, the better the terms of the annuity. After the surrender period has passed, the investor is free to withdraw the funds without being subject to a fee.
Investment dictionary. Academic. 2012.
surrender — 01. The soldiers finally [surrendered] after more than half of the men had been killed or wounded. 02. The government is calling on the guerrillas to [surrender] their weapons before the end of the month or face renewed hostilities. 03. The… … Grammatical examples in English
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Surrender Charge — A fee levied on a life insurance policyholder upon cancellation of his or her life insurance policy. The fee is used to cover the costs of keeping the insurance policy on the insurance provider s books. Also known as a surrender fee . If the… … Investment dictionary
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