An annuity maturity date is not always the end of a guarantee

The maturity date is a contract term. It may refer to a late contract date or required action, while other dates govern rates, charges, and income.

Guarantee-period end

The stated rate period ends. The contract explains what rate or option applies next.

Surrender-period end

The scheduled surrender charge may end, subject to the contract.

Maturity date

A contract-defined date that may trigger an election or default action.

Income start date

The date selected or specified for income payments to begin.

Organize the dates

Primary sources

Reviewed September 9, 2026