When is a variable annuity CDSC charge imposed?

A variable annuity Contingent Deferred Sales Charge (CDSC) is typically imposed when the investor withdraws funds from the annuity before a specified period, often ranging from 5 to 10 years after the initial investment. The charge is designed to discourage early withdrawals and gradually decreases over time. If the withdrawal is made after the surrender period, no CDSC is charged. Always refer to the specific annuity contract for details on the CDSC schedule and terms.