Vida Grupal y AnualidadesPregunta 442 de 716
A surrender charge in a deferred annuity is:
a.A bonus the insurer credits at issue
b.A tax penalty imposed directly by the federal government on any early distribution taken before the contract matures
c.The commission paid to the selling producer
d.A fee the insurer deducts if the owner withdraws more than the allowed amount during the early contract years
Explicación
A surrender charge is a fee the insurer applies when the owner takes out more than the contract permits (or fully surrenders) during the surrender charge period, which usually declines to zero over a set number of years. It is not a government tax penalty (a separate 10 percent IRS penalty may apply before age 59 1/2), not the producer's commission, and not a credited bonus. Surrender charges let the insurer recover early costs and discourage quick withdrawals.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)