What are the different kinds of annuities

(If her annuity allows penalty-free withdrawals of up to 10% of the contract value, she would pay a penalty on $2,300 of that withdrawal ($27,000 x 10% = $2,700 / $5,000 - $2,700 = $2,300). The penalty will be whatever percentage the surrender charge schedule specifies for withdrawals in Year 4. ................
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