Can Deferred Annuities Be Surrendered? 
That is a great question ! Yes , you can surrender your annuity , the question is do you really want to ? The type of annuity that you purchased is designed to sit for a while to allow the insurance company to make money too , and you have to know they are going to get theirs , one way or another . This is done by assessing you a surrender fee , and it is a percentage of the premium you deposited to start the annuity . Depending upon your annuity and the length of time you 've had it , this can be upwards of 10 % . If the money has been there several years , and you are just now needing some cash , I 'd recommend looking at every other option first . It 's likely that you may be able to take a percentage free from your annuity , but that can greatly affect the payout amounts later , so I 'd look for other options first . Can you borrow from your life insurance , for example ? Please contact your agent , and really look at your options , ok ? drop me a line , I 'd be happy to help . Thanks for asking ! 