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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?

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