How Much Are Annuities Worth? 
This is a very important issue because many people buy annuities to increase their return on deposits . An annuity has a current value . The annuity can be surrendered for that value minus any surrender charges that might be applicable -LRB- these are detailed in the contract . -RRB- Once the annuity has commenced paying monthly payments to the annuitant it can not be surrendered under most circumstances . 