What Are Some Cons of Annuities?
Wendy Swanson explains that a key drawback of annuities is the potential for surrender charges if you exit the contract before its term ends.
Video Transcript
When speaking about annuities and the cons of the contract, so with each contract, if you wanted to get out of the contract before the end of that duration, however long it was. There are things called penalties that you can have in order to exit that contract. So the good news is you can exit the contract, but you know, you may have some money that that's going to cost you ultimately in the surrender charges.
