How long have you had the annuity? What ins company and product is it?
Great advice above.... if you post the answer to these questions, someone can probably give you much more accurate advice to your specific questions... as it relates to your money back, etc. Most annuities have surrender charges, some are fairly steep. As mentioned, if in your free-look period... you are good as far as your premium.
You mentioned suitability being way off. Most companies do a pretty hefty suitability inquiry before issuing business these days. What did they say?
Bottom line, if you are not happy and have something you don't want and/or totally understand, you should remedy it. But at the same time, you have to take part ownership in the situation... your gut told you that you didn't want it and you kept it anyhow.
Great advice above.... if you post the answer to these questions, someone can probably give you much more accurate advice to your specific questions... as it relates to your money back, etc. Most annuities have surrender charges, some are fairly steep. As mentioned, if in your free-look period... you are good as far as your premium.
You mentioned suitability being way off. Most companies do a pretty hefty suitability inquiry before issuing business these days. What did they say?
Bottom line, if you are not happy and have something you don't want and/or totally understand, you should remedy it. But at the same time, you have to take part ownership in the situation... your gut told you that you didn't want it and you kept it anyhow.