Surrender Charge Schedule for Annuities

Calculate surrender charges for deferred annuities in the early surrender period using the contract's declining charge schedule, typically starting at 7–8% in year 1 and declining to 0% by year 7–10

Each component has a specific meaning:

• Contract's declining charge schedule — The contract's declining charge schedule recorded for the scenario being assessed.
• Typically starting at 7–8% in year 1 — The typically starting at 7–8% in year 1 recorded for the scenario being assessed.
• Declining — The declining recorded for the scenario being assessed.

Note: Interpret the annuity surrender charge result against the thresholds and context described above.

Enter the contract's declining charge schedule, typically starting at 7–8% in year 1, declining for the scenario you are assessing. Calculate surrender charges for deferred annuities in the early surrender period using the contract's declining charge schedule, typically starting at 7–8% in year 1 and declining to 0% by year 7–10. Use the annuity surrender charge result to inform your calculation.