Can You Get All Your Money Back From An Annuity?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Can You Get All Your Money Back From An Annuity?

Yes, you can get all your money back from an annuity, typically in two scenarios:

After the Surrender Period: Most annuities have a surrender period, a set number of years during which you face penalties for withdrawing funds. After this period, you can withdraw the entire amount without incurring these surrender charges.

Return of Premium Rider: Some annuities offer a Return of Premium (ROP) rider. This rider ensures that if you decide to cancel your contract, you can receive an amount equal to your premium payments, minus any withdrawals you’ve made.

Understanding Annuity Withdrawals

Surrender Period: A specified time frame where early withdrawals incur penalties.
Return of Premium Rider: An additional feature ensuring the return of the total premiums paid.
Withdrawals and Taxes: Withdrawals may be subject to income tax, depending on the annuity type and your circumstances.

Related Reading: Can Withdrawals from a Fixed Rate Deferred Annuity be Reinvested in an IRA or Transferred to a Different IRA Without Being Taxed?

Benefits and Considerations

Flexibility: ROP rider provides more flexibility in getting your premiums back.
Tax Implications: Consult a tax advisor to understand potential tax liabilities.
Financial Goals: Ensure the annuity aligns with your long-term financial goals.


While it’s possible to get all your money back from an annuity either after the surrender period or with a Return of Premium rider, it’s essential to consider the implications, including potential tax liabilities and alignment with your financial objectives. Contact us today for a free quote.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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