The retirement annuities are very popular but the annuities reviews beg to differ. According to the reviews, the whole retirement benefit package in retirement annuities stays with the insurance company. This is true for all the insurance companies, be it Allianz or Midland.

The person in question is not allowed to withdraw almost any part of the amount during the time period agreed upon. This time period is also known as 'surrender period'. In some cases, the amount can be withdrawn by paying 'surrender charge fees' as a penalty. The penalty is 5 percent fee in the first year, 4 percent in the second year, and so on.