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Is there a way to transfer or move from one annuity contract one at a different company?

For my SO (significant other) -- Apparently, she was advised by Bofa to put her savings in a Variable Annuity with Putnam and this is a very expensive in terms of costs and she is loosing tons of money to fees and expenses and I am wondering if there is a way to move the money to Vanguard Annuity or better yet get it out of an annuity to an Index Fund.

Any ideas on how this can be accomplished?

Regards,
Neil
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