Can You Surrender An Immediate Annuity? 
Most all immediate annuities you can cash them in . However they may incur a penalty based on the contract which is called surrender charges . Its based on the age of the annuity . Also if the annuity is an IRA or retirement instrument it could have an early withdraw penalty due to age . Most annuity require you to be 59 - 1/2 if its an qualified plan . Non-qualified plans would not . The contract has all the requirements by state laws . 