In this video, Shawn Plummer from The Annuity Expert gives a brutally honest breakdown of what happens when a Multi-Year Guaranteed Annuity (MYGA) reaches maturity. The harsh truth? Yes, your rate can absolutely drop, and it likely will! With 2026 interest rates sitting at multi-decade highs, insurance carriers are not obligated to match those rates when your term is up. In fact, they only have to meet your contract's "minimum renewal rate" (which can be as low as 1%).

Shawn warns against trying to be "clever" by buying short 2- or 3-year contracts. Instead, he advises locking in a 10-year MYGA right now to guarantee these massive yields for a full decade. Finally, Shawn goes on a candid rant: if you are trying to fund your retirement solely by living off MYGA interest, you are doing it wrong! He explains why inflation will destroy your pur ...