Skip to main content

Variable Annuity Surrender Charges

July 28, 2001

A "surrender charge" is a type of sales charge you must pay if you sell or withdraw money 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. Surrender charges will reduce the value of-and the return on-your investment.

For more information about surrender charges and other expenses associated with variable annuities, please read our publication, Variable Annuities: What You Should Know.


We have provided this information as a service to investors.  It is neither a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.

Return to Top