What to do with a varriable annuity left to my sister and I by our folks in an irrivocable trust? with crazy high 2 percent expense ratio

What to do with a varriable annuity left to my sister and I by our folks in an irrivocable trust? with crazy high 2 percent expense ratio?

Banker tricked my father to buy an annuity to get commision. Father will never need to annuitize it. Just sits in annuity with 2 percent shaft yearly. If we liquid we will pay crazy taxes, what to do? he bought it in 2008, if had bought vti then we would have been way better off