Surrender Period
The number of years during which a surrender charge applies on a deferred annuity. Typical ranges: 3 to 10 years on MYGAs, 5 to 14 years on FIAs, 5 to 9 years on variable annuities.
The number of years during which a surrender charge applies on a deferred annuity. Typical ranges: 3 to 10 years on MYGAs, 5 to 14 years on FIAs, 5 to 9 years on variable annuities.