Are you worried about outliving your retirement savings, or wondering, what is an annuity living benefit?

If you want guaranteed income for life without giving up total control of your money, you need to understand how these specific annuity riders work.

In this completely unfiltered video, Shawn from The Annuity Expert breaks down exactly what a living benefit is and why it completely revolutionized the annuity industry. In the 1990s and early 2000s, people were often trapped in "two-tiered" annuities that forced them to annuitize—meaning they had to irrevocably hand their money over to the insurance company just to get a paycheck.

To solve this problem, insurance companies created Living Benefits—most notably the Guaranteed Lifetime Withdrawal Benefit (GLWB). Shawn explains how a GLWB acts as an insurance policy on your retire ...