Are you worried that your MYGA is going to automatically renew and lock your life savings up for another five years without your permission? What actually happens when your annuity contract reaches the end of its term?

In this video, Shawn Plummer from The Annuity Expert answers a highly requested question: Can you stop the automatic renewal on a MYGA (Multi-Year Guaranteed Annuity)? Shawn explains that while you cannot force an insurance company to change their corporate auto-renewal policies, you absolutely can control what happens to your money!

He breaks down exactly how a MYGA works (comparing it to the annuity version of a CD) and what happens on day one after your term expires. You will enter a critical 30-day window where you must make a proactive choice: let it renew at a new interest rate, cash it out completely, or perform  ...