Further, these surrender charges only apply to the contract's earnings or 10 % of purchase payments. (thinkadvisor.com)
The carrier could go on accepting purchase payments into existing contracts, but it could just stop new sales from then on. (insurancenewsnet.com)
One reason is that advisors who have been selling the suspended products, and clients who have been making purchase payments into suspended variable annuities they already own, must now stop. (insurancenewsnet.com)