Contact the company from which the annuity was purchased and find out what restrictions, penalties and other fees will be involved in cashing out early. You can probably do it, but it will cost you....
Yes you can. You will most likely pay a variety of fees and taxes depending on your age and how long you have been collecting on the annuity. There are applicable surrender fees, but you can cash it...
A payment, usually for a large amount of money, that is paid once and covers the whole debt; a lump sum may be paid by an insurance company to write off the debt forever so the company does not have...