Variable Annuity without Surrender Charges
Evaluates how a no-surrender-charge variable annuity can support your retirement savings strategy.
Annuity Details
$
%
20 years
5 years40 years
%
5 years
1 years10 years
No-Surrender Advantage
$130,696.001
Value at Year 5
$291,775.749
Value at Year 20
Total Fees Over Period$52,302.48
Early Access Value$130,696.00
No-Surrender Advantage$3,920.88
With a no-surrender-charge annuity, you save $3,920.88 compared to a typical annuity if you withdraw in year 5. Your full $130,696.001 is accessible without penalty.
Flexibility Benefits
With Typical Surrender Charges
A typical 7-year declining surrender charge would reduce your early withdrawal value by up to 3%.
No-Surrender Advantage
Access 100% of your account value at any time without surrender penalties, saving $3,920.88 on early access.
No-surrender annuities typically have slightly higher annual fees but offer complete flexibility. This is ideal if you may need access to your funds before retirement.