In this video, Shawn Plummer from The Annuity Expert gives a brutally candid breakdown of online annuity platforms. Are they safe? The short answer is yes—if you are strictly looking to buy a basic MYGA (Fixed Annuity) from a legitimate company like Canvas or Gainbridge, your money is secure. But here is the massive catch: these direct-to-consumer platforms will only sell you what is "on their truck."

Shawn explains why this lack of choice is incredibly dangerous for your retirement. For example, an online platform might push you into a SPIA (Immediate Annuity) for lifetime income, which forces you to permanently surrender your lump sum! A true independent broker could show you how to buy a Fixed Index Annuity with an Income Rider (GLWB) instead, getting you the exact same lifetime income while you keep 100% control of your cash! Finally, ...