Annuities vs. TDIF

I am 40 yrs old. At 23 yrs old I received a pay out of life insurance. I was advised at that time to put money into an annuity. It is a variable annuity that grows at simple interest rate of 6% annually.

Now that I’ve been learning from Personal Finance Club, I question whether this is the right place to leave that money. Would you recommend I leave it there? Or transfer the funds into a TDIF?

Thank you!

I’m not sure about this one exactly. On what little I know I would cash out and put it in a TDIF.

@ShaneSideris can better explain why.