Are you considering a "life annuity with refund" to guarantee your retirement income? Before you make an irrevocable decision and hand total control of your life savings over to an insurance company, you need to understand exactly what you are signing up for!

In this video, Shawn Plummer from The Annuity Expert breaks down exactly what a life annuity with a refund means. He explains how this "annuitized" payout works: it provides a fixed income for life, and if you happen to die before receiving your original investment back, the remaining balance is refunded to your beneficiaries.

However, Shawn gives a candid warning: do not buy this product! By annuitizing, you permanently give up access to your cash. Instead, Shawn reveals why a Fixed or Fixed Index Annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB) is vastly superior. A ...