What Is a Crisis Waiver on an Ann...
What Is a Crisis Waiver on an Annuity?
Retire For Less With The Annuity Expert by Shawn Plummer
E357
May 1, 2026
02:49
Episode notes

Are you worried about locking up your retirement savings in an annuity just in case you suddenly get sick or need to pay for a nursing home? Most people don't realize that modern annuity contracts actually have a powerful, built-in safety net designed specifically for medical emergencies!

In this video, Shawn Plummer from The Annuity Expert breaks down exactly how a "Crisis Waiver" works on an annuity. Shawn explains how these waivers are typically built right into your deferred annuity contract at absolutely no additional cost. If you experience a qualifying crisis—such as a terminal illness, confinement to a nursing home, or the inability to perform 2 out of 6 Activities of Daily Living (ADLs)—the insurance company will completely waive your surrender charges, allowing you to access as much of your money as you need penalty-free.

📖 ...