Transamerica IUL: Surrender charge?
Transamerica IUL: Surrender charge? Can someone help me understand surrender charges? My friend sold me an IUL policy in 2022. My monthly premium is $135. After reviewing the fees and thinking if this policy is worth it. I don’t think I should continue. I’m single and don’t have any dependents. I contacted Transamerica about terminating and they told me my surrender charge is $4k…