Sentence examples for surrender fee from inspiring English sources
But getting out meant paying a surrender fee of $80,000 plus reimbursing the insurer the entire $50,000 bonus.
With an insurance policy you're going to get nicked for an early surrender fee in the first seven years.
And, if you take your money out and you're not yet 59.5 years of age, you'll pay a 10% early withdrawal fee in addition to the surrender fee.
You'd want to do a break-even analysis to determine how long it would take the lower cost annuity to pay you back in savings for any surrender fee you might have to pay.
Because of the surrender fee and the 10% IRS penalty for early withdrawal, unsuspecting investors often find themselves "trapped" in this low-yielding fixed annuity when much better investment options are available.
The Allianz buyer has his head start: Add in the 4% bonus he gets and he suddenly has $10,400 (if he didn't switch from another annuity that whacked him with a surrender fee).
Annuities often charge surrender fees for withdrawals, typically 1 to 2 percent of assets but sometimes up to 8 percent.
■ Do any of the investment options include fees related to specific investments, like 12b-1 fees, insurance charges or surrender fees, and what do they cover?
Since the annuity company paid a commission to the broker who sold the annuity, there are also so-called surrender fees for taking your money out in the first five to 10 years of the annuity.
Surrender fees from the old account whittle down your bonus.
