All of the following are correct about the surrender charges associated with an annuity, EXCEPT

A$)$

surrender charges are typically a flat dollar amount that is applied over the life of the contract.

B$)$

a typical surrender charge period is four to nine years.

C$)$

surrender charges are a way for the insurance company to recoup expenses associated with the cost of the contract guarantees.

D$)$

surrender charges are a way for the insurance company to recoup expenses associated with the establishment of the contract.