A "surrender charge" is a type of sales charge you must pay if you sell or withdraw money from a variable annuity during the "surrender period" – a set period of time that typically lasts six to eight years after you purchase the annuity. Surrender charges will reduce the value and the return of your investment.
Thinking About Investing In The Latest Hot Stock?
Read our investor alert on the significant risks of short-term trading based on social media.
Know the Risks of Day Trading
Read this Director’s Take article to understand the risks of engaging in this type of speculative investing.
Investing Quiz – May 2021
Test your knowledge on common investing terms and strategies and current investing topics.