Are you worried that your spouse's retirement income will get drastically slashed when you pass away? Depending on the type of joint annuity you choose, their paycheck could actually drop by 50% or more!

In this video, Shawn Plummer from The Annuity Expert gives a candid breakdown of the critical difference between a "Joint and Survivor" annuity and a "Joint Life" payout. If you choose a traditional Joint and Survivor contract, you are permanently annuitizing your money—meaning you lose all control of your lump sum, and you might accidentally select an option that drops your surviving spouse's payout down to 75%, 50%, or even 25% of the original check!

Instead, Shawn reveals why a Joint Life payout (using a Guaranteed Lifetime Withdrawal Benefit rider on a Fixed Index Annuity) is vastly superior in today's market. Not only does it mat ...