Aha, and what does the “advisor” propose to do with the money??? Probably invest it in a different annuity, where he/she can earn another big commission!
I can’t comment on the specifics, but the “expensive” part of the annuity was the initial commission on your investment. I’m just guessing that the “lock-up” or surrender charge period for getting out of the annuity just expired! Now he wants to earn another commission.
I can’t comment on the costs or terms of your current plan. But if you want to get expert advice on this send an email to Stan Haithcock. His email is Stan@stantheannuityman.com. give him the exact details of what you own, and how long you’ve owned it — and your “adivosr’s” recommendation!
Feel free to tell him I sent you — or not. But do write back and let me know what he says!
You can trust him 100%!