What do you do when annuity hits surrender value?

When an annuity hits its surrender value, you have a few options. You can choose to cash out the annuity, receiving the surrender value, which may incur surrender charges depending on the terms of the contract. Alternatively, you might consider rolling it over into another investment or annuity to avoid taxes and continue growing your funds. It's important to evaluate your financial goals and consult with a financial advisor before making a decision.