Sentences with phrase «waive surrender charges»

Some will waive the surrender charge if you need to withdraw money to pay for nursing home costs or if you don't take out more than, say 10 %, a year.

Not exact matches

Finally, equity - indexed annuities often carry steep surrender charges, though some insurers waive them for medical reasons or other emergency expenses.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

It is vitally important that prospective buyers fully understand the impact of these charges on the Deferred Annuity's cash surrender value, when they're imposed, and when they're waived.

Often, surrender charges are waived when you die.

Surrender charges are waived if your client holds the annuity contract for five years or more and attains the age of 59 1/2, an ideal feature for those clients who wish to retire early.

In some circumstances, the insurance company will waive the surrender fee it would otherwise charge for withdrawing funds from the plan.