Are you trying to guarantee a permanent income floor for your retirement, but you are terrified of leaving your spouse with nothing if you pass away prematurely?

In this video, Shawn Plummer from The Annuity Expert answers whether you can pair a Single Premium Immediate Annuity (SPIA) with a life insurance policy to protect your spouse. The answer is absolutely yes! For successful individuals retiring early (under age 59 ½), Shawn highly recommends taking a lump sum to buy a SPIA for immediate lifetime income, and using a fraction of that income to fund a cheap 20- or 30-year term life insurance policy. This creates an unbreakable income floor while guaranteeing a massive tax-free death benefit for your family!

However, if you are over age 59 ½, Shawn issues a massive piece of advice: Skip the SPIA! Instead, he explains why purchasing ...