Can I Convert a MYGA Into a Lifet...

Can I Convert a MYGA Into a Lifetime Income?

Retire For Less With The Annuity Expert by Shawn Plummer
E463
May 14, 2026
05:47

Episode notes

Are you thinking about converting your MYGA (Multi-Year Guaranteed Annuity) into a lifetime income stream? Before you officially annuitize your contract, you need to hear this! πŸ›‘πŸ’Έ

In this video, Shawn Plummer from The Annuity Expert explains how you can convert a MYGA into income, but why you probably shouldn't! Annuitizing a contract is an irrevocable decision that forces you to permanently surrender your lump sum to the insurance company. Because most MYGAs do not offer income riders, Shawn reveals a vastly superior strategy: rolling your expiring MYGA into a Fixed Index Annuity (FIA) with a Guaranteed Lifetime Withdrawal Benefit (GLWB)!

This strategy allows you to secure a permanent, guaranteed paycheck while keeping total control of your money, earning interest, and preserving a death benefit for your family. Plus, Shawn explains why locking in an income rider today protects you from lower payout percentages if interest rates drop in the future!

πŸ‘‰ Run your own math and calculate your exact guaranteed lifetime payout right here:

https://www.annuityexpertadvice.com/annuity-calculator-2/

πŸ‘‰ Compare today's absolute highest-yielding MYGA rates here:

https://www.annuityexpertadvice.com/rates/annuity/fixed/

πŸ“ž Need a free, objective review to help plan your retirement income? Call us at: 770-755-1565

⏱️ Video Chapters:

0:00 - Intro: Can I convert a MYGA into a lifetime income?

0:20 - What is a MYGA? (The annuity version of a CD)

0:50 - The danger of Annuitization (Giving up control of your money)

1:47 - The Better Strategy: Roll it into an FIA with a GLWB (Income Rider)

2:16 - Using the "Fixed Account" inside a Fixed Index Annuity

3:07 - Why you should lock in today's high payout percentages NOW!

4:44 - How to get free quotes from The Annuity Expert