Annuity Surrender Fees: What Is A Market Value Adjustment?
Some annuities, specifically indexed annuities, have a surrender charge that ranges from 3-15 years. So if you are not terminally ill, require nursing care for more than 90 days, and want to withdraw more than 10% from your annuity there will probably be some monetary consequences to go along with your withdraw. Some surrender charges are defined and won’t change; others fluctuate via their Market Value Adjustment. So what is a Market Value Adjustment (MVA)? Essentially a Market Value Adjustment is the insurance company’s way...View Article