What is the name of your state?: Virginia
My mother is 75 years old and got an annuity with Insurance company, I suggested she cancel it, and they are charging her 15% of the money invested. I was not aware of the 10 day automatic cancellation, otherwise it would be 5-years without being charged a surrender fee. I want to know if this is accurate and what can be done about this, she need her money to live on.
My mother is 75 years old and got an annuity with Insurance company, I suggested she cancel it, and they are charging her 15% of the money invested. I was not aware of the 10 day automatic cancellation, otherwise it would be 5-years without being charged a surrender fee. I want to know if this is accurate and what can be done about this, she need her money to live on.