Can Annuities Be Liquidated? 
This depends on the annuity , but generally speaking , yes they can . A Deferred Annuity can be fully liquidated at any time . However , at the beginning of the contract there is an `` Early Surrender Charge '' if you withdraw over a certain amount . Usually this amount is anywhere from 5 % -15 % that you can withdraw free of any charges . An Immediate Annuity -LRB- or a fixed annuity that has been annuitized -RRB- has less options . But usually you are able to surrender the income stream for a certain percentage of the original deposit . However , there are usually time constraints on the percentage that is available . 