Are you terrified that if you buy an annuity and pass away early, the insurance company gets to keep all of your hard-earned money? What actually happens to your original principal when you die?

In this video, Shawn Plummer from The Annuity Expert answers the highly requested question: What happens to a SPIA (Single Premium Immediate Annuity) if you die before receiving your premium back?

Shawn gives a brutally honest, candid breakdown of the annuity industry. First, he issues a massive warning: if you haven't bought an annuity yet, skip the SPIA and look into a Guaranteed Lifetime Withdrawal Benefit (GLWB) instead! GLWBs offer better liquidity, higher payouts, and a guaranteed lump-sum death benefit.

If you already own a SPIA, Shawn breaks down the exact payout structures that dictate whether your family gets paid or the insura ...