Can I cancel my annuity?

Asked 6 months ago
Yes, you can cancel your annuity. Prudential understands that circumstances may change and offer options for cancellation. However, it is important to review the terms and conditions stated in your annuity contract as cancellation may be subject to specific conditions or penalties. Generally, there may be surrender charges, which are fees assessed for early termination, especially if you cancel within the first few years of the annuity contract. These charges vary and are typically higher during the early years of the contract. To cancel your annuity, it is recommended to contact Prudential directly or consult with an advisor who can guide you through the process and provide you with the necessary steps and information related to cancellation.
Jeff Whelpley is the editor / author responsible for this content.
Answered May 3, 2024

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