Annuities Information

What is M&E fees?

M&E fees (also referred to as mortality and expense charges) are part of the expense structure of annuities.  In general, these charges cover the insurance guarant

Can a 10 year variable annuity with 5 year penalties be cashed out after 5 years without penalty?

You need to take a look at the surrender charges your particular VA contract.

Are "non-qualified deferred annuities" protected from creditors in NY. (In Bankruptcy proceedings.)

Good question.

New York state insurance law does appear to exempt the proceeds of annuity contracts from creditors.

There are, however, clear exceptions to this rule.

Click here to look at the issue in more detail.