Sentence examples for surrender charges from inspiring English sources

There might be penalties called surrender charges.

That person should be able to show them how reputable the insurance company is behind an annuity; how long the surrender charges last; and what circumstances (i.e. long term care of disability) the surrender charges are waived.

"This is because insurers and investment houses slam people with early surrender charges," says Keith Churchouse, a director of Surrey-based Churchouse Financial Planning.

If not, you could pay penalties, generally known as surrender charges, and possibly lose interest earned, though there may be exceptions for things like severe illness or job loss.

Significant replacements will allow AG to retain a huge amount of surrender charges.

The retention of these surrender charges makes AG quite profitable, causing the remaining policies to be very safe.

For example, you would be informed if you'd be subject to a 25 percent "surrender" charge for early withdrawal.

"If you're paying two points higher, then a 2 percent surrender charge isn't a problem," said Mr. Warfhig in Los Angeles.

"I'd recommend if they're looking for safety," said Anthony Mattar, chief executive of the Mattar Financial Corporation, a financial planning firm in Southfield, Mich., "to diversify within the same family of funds to avoid a surrender charge".

(Get one with low contract expenses and no surrender charge).

His cash value is $105,000 with a surrender charge of $12,000, making the surrender value $93,000.