Can I Withdraw Money From My Variable Annuity? 
That is a great question ! The short answer is yes , but ... Most annuities will allow you to take out a percentage for free , generally up to 10 % , but it really wo n't be free . The money that you withdraw will reduce the earnings power of your annuity over time , and can actually end up costing you money . If the amount you want to withdraw exceeds the free amount , you will be assessed fees , and may have a tax liability on any interest earnings portion of that withdrawal . If this is early into your annuity , expect to also have a surrender charge assessed if the amount exceeds the free amount . Call your agent , and get the specifics for your annuity before doing anything , ok ? If you have a whole life policy , maybe taking a loan out of the cash value might be a better option . Good luck , and thanks for asking ! 