Question:
Can I cancel a fixed annuity policy? I invested a lump sum with a life insurance company guaranteeing an income for life
Answer:
Paula, No, you cannot cancel, modify or transfer a guaranteed annuity. Once you have "dealt", you are locked in for life.
The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.
