Sentences with phrase «end surrender penalties»

The problem I have is that they have big commissions with long back - end surrender penalties, and therefore you are locking up your money.

Not exact matches

Also, if you take withdrawals before the surrender period established by the policy ends you may have to pay a penalty for early withdrawal.

At that point the surrender period ends and the annuity owner can withdraw funds without penalty.

Also, if you take withdrawals before the surrender period established by the policy ends you may have to pay a penalty for early withdrawal.

You can also have surrender penalties or surrender charges to the cash value if you surrender your policy before the end of the «surrender charge period».

Many contracts have a back - end surrender charge schedule that can last for up to 15 years, with steep penalties being assessed for early withdrawals.