What Is a Crisis Waiver on an Ann...
What Is a Crisis Waiver on an Annuity?

Retire For Less With The Annuity Expert por Shawn Plummer

Notas del episodio

Are you worried about locking up your retirement savings in an annuity just in case you suddenly get sick or need to pay for a nursing home? Most people don't realize that modern annuity contracts actually have a powerful, built-in safety net designed specifically for medical emergencies!

In this video, Shawn Plummer from The Annuity Expert breaks down exactly how a "Crisis Waiver" works on an annuity. Shawn explains how these waivers are typically built right into your deferred annuity contract at absolutely no additional cost. If you experience a qualifying crisis—such as a terminal illness, confinement to a nursing home, or the inability to perform 2 out of 6 Activities of Daily Living (ADLs)—the insurance company will completely waive your surrender charges, allowing you to access as much of your money as you need penalty-free.

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