Losing your job is incredibly stressful, and when bills start piling up, it is completely natural to look at your annuity as an emergency piggy bank. But before you cash out your contract, you need to understand the massive fees that could wipe out your savings!

In this video, Shawn Plummer from The Annuity Expert answers the complicated question of whether you can access your annuity funds after a job loss. Shawn breaks down the three critical factors that determine your access: your age, the type of annuity you own, and your contract's specific liquidity features.

He issues a major warning about the "Double Whammy" trap—if you cash out before age 59 ½, you could get hit with both a surrender charge from the insurance company AND a 10% early withdrawal penalty from the IRS! However, Shawn also reveals his step-by-step survival strate ...