Author: Dave Boike, Retirement Resources The surrender period is the length of time you're obligated to keep your annuity policy in full with the issuing company before you can begin taking withdrawals without having to pay fees. Since annuities are long-term investments, this detail could have a significant impact your financial future. For example, if you're 55 years old and find that the surrender period is 30 years, it's probably not the right annuity for you, since chances are good you'll want to start withdrawing funds before you reach age 85.
