Are you looking for high annuity interest rates online and wondering, "Is Canvas Annuity legit?" Because they are a direct-to-consumer platform, they often tout some of the highest yields on the market—but there is a massive catch you need to know about before you lock up your life savings!

In this video, Shawn Plummer from The Annuity Expert gives an unfiltered, honest review of Canvas Annuity. While the platform is legitimate and backed by Puritan Life (a company that has been around since 1958), Shawn reveals why their A.M. Best "B++" financial rating is a red flag for long-term investors.

You will learn why Canvas is generally fine for short-term 3-year or 5-year MYGAs (Multi-Year Guaranteed Annuities), but why Shawn strongly advises against buying long-term contracts or SPIAs through them. Shawn also breaks down the hidd ...