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If the annuity you have is underperforming, one option you have is to transfer it to a better annuity. There is an article in Business Week Jul 5 issue, p 98 (and I am told you can get it on the BW web page) that tells you how. You do a "1035 exchange", apparently the equivalent of an IRA rollover.

Vanguard, Fidelity, Scudder, and T Rowe Price are listed in the article as firms that offer low cost, no load annuities with little or no surrender charges.
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