FAQs - InjAnnuity Inc.
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  • FAQs
    • Why InjAnnuity?
    • What can this website do for me?
    • What do Insurance Companies prefer that I don't get to know about?
    • What are the different types of Deferred Annuities supported by this Website? >
      • What is a "Fixed" Deferred Annuity?
      • What is a Fixed Indexed / Equity Indexed Annuity?
      • What is a Variable Annuity?
    • What Kind of Options can I exercise? >
      • What are Guaranteed Lifetime Benefits (GLIBs)? >
        • What is a Guaranteed Minimum Income Benefit (GMIB)?
        • What is a Guaranteed Minimum Accumulation Benefit (GMAB)?
        • What is a Guaranteed Minimum Withdrawal Benefit (GMWB)?
        • What is a Guaranteed Life Withdrawal Benefit (GLWB)?
        • What is the difference between an Annuitization and a GLWB or GMWB?
      • What is a contract's Surrender Value?
      • What are Free Withdrawals (also called Charge-Free Withdrawals)?
      • What is Annuitization?
      • What is a Rider?
    • Is a DA a good buy?
    • More Q&A >
      • Why is it called "Deferred"?
      • What is an "Account Value" (or "Accumulation Fund")?
      • What is a "Shadow Fund"?
      • What are "Surrender Charges"?
      • PV-Discounts
    • Longevity
    • Variable Tutorial
    • YouTube Playlist
  • Related Sites
    • DARMA™
    • Integrated Actuarial Systems, Inc
    • Corporate Risk Compliance, Inc.
What are "Surrender Charges"?
Q: What are "Surrender Charges"?
A: Surrender Charges are applied whenever you withdraw some or all of your Account Value.

They are usually in the form of a percentage of the Account Value.  Typically, the percentage decreases each year from Issue, eventually falling to zero after a fixed number of years (typically 7).

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  • Home
  • FAQs
    • Why InjAnnuity?
    • What can this website do for me?
    • What do Insurance Companies prefer that I don't get to know about?
    • What are the different types of Deferred Annuities supported by this Website? >
      • What is a "Fixed" Deferred Annuity?
      • What is a Fixed Indexed / Equity Indexed Annuity?
      • What is a Variable Annuity?
    • What Kind of Options can I exercise? >
      • What are Guaranteed Lifetime Benefits (GLIBs)? >
        • What is a Guaranteed Minimum Income Benefit (GMIB)?
        • What is a Guaranteed Minimum Accumulation Benefit (GMAB)?
        • What is a Guaranteed Minimum Withdrawal Benefit (GMWB)?
        • What is a Guaranteed Life Withdrawal Benefit (GLWB)?
        • What is the difference between an Annuitization and a GLWB or GMWB?
      • What is a contract's Surrender Value?
      • What are Free Withdrawals (also called Charge-Free Withdrawals)?
      • What is Annuitization?
      • What is a Rider?
    • Is a DA a good buy?
    • More Q&A >
      • Why is it called "Deferred"?
      • What is an "Account Value" (or "Accumulation Fund")?
      • What is a "Shadow Fund"?
      • What are "Surrender Charges"?
      • PV-Discounts
    • Longevity
    • Variable Tutorial
    • YouTube Playlist
  • Related Sites
    • DARMA™
    • Integrated Actuarial Systems, Inc
    • Corporate Risk Compliance, Inc.