What is a Surrender Period?

It is a waiting period for an investor before s/he can withdraw without a penalty, despite some exceptions. There are some exceptions on early withdrawals during the first 5 to 10 years.","reminder":"\Reminder: For people in their 40's or early 50's, the IRS requires 401(k) and IRA owners to wait till at least age 59 1/2 to start withdrawal, and thus annuities' 5-to-10 year wait might not be an issue.