Quick Answer
When the term is up, the contract may automatically expire or renew.
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Questions & Answers
| Question | Answer |
|---|---|
| What is the window after an annuity term ends? | You’re usually given a short period of time, called a window, to decide if you want to renew or surrender the annuity. |
| Do you pay surrender charges during the window? | If you surrender during the window, you won’t have to pay surrender charges. |
| What happens to surrender charges if you renew? | If you renew, the surrender or withdrawal charges may start over. |
Related Questions
Large Print Version
What happens when an annuity term ends?
When the term is up, the contract may automatically expire or renew.
What is the window after an annuity term ends?
You’re usually given a short period of time, called a window, to decide if you want to renew or surrender the annuity.
Do you pay surrender charges during the window?
If you surrender during the window, you won’t have to pay surrender charges.
What happens to surrender charges if you renew?
If you renew, the surrender or withdrawal charges may start over.
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Questions? Contact Jeff@AnnuitiesExplained.org.