1. The legal specification given by the new version of VVG in Germany concerning surrender value (i.e. positive value even in case of early lapse) is therefore consistent with the requirement of a amortization spread to 5 years.

2. As you determine what Annuity might be right for you, remember they are intended as vehicles for long-term retirement planning, which is why withdrawals reduce an Annuity’s remaining death benefit, contract value, cash surrender value and future earnings