In this video, Shawn Plummer from The Annuity Expert gives a candid, highly critical breakdown of exactly how a DIA works. The scary truth? A DIA literally has NO cash value! Day one, you hand your lump sum over to the insurance company, and they keep it. In exchange, they promise to pay you an income starting at a specific year in the future. Because this contract is strictly irrevocable, you earn zero interest, have zero liquidity for emergencies, and cannot change your mind!

Shawn explains why he believes DIAs are generally "garbage" products, and reveals a vastly superior alternative: a Fixed Index Annuity paired with a Guaranteed Lifetime Withdrawal Benefit (GLWB). By using an income rider, you can contractually guarantee your exact future paycheck today, while keeping your underlying cash fully accessible, earning interest, and leavin ...