Four Main Types of Annuities Explained

Are you overwhelmed by the sheer number of annuity products on the market and struggling to figure out which one is actually right for your retirement? While there are historically dozens of different annuity classifications, the vast majority of strategies fall into four primary categories—each with massive differences in fees, growth potential, and principal protection. In this completely unfiltered video, Shawn from The Annuity Expert breaks down the main types of annuities to help you cut through the industry jargon. He explains how Fixed Annuities (MYGAs) act as the insurance industry's version of a CD, and how Fixed Index Annuities (FIAs) allow you to capture stock market-linked growth with 100% protection against market crashes. Shawn also exposes the harsh realities of the other annuity types that brokers heavily push. He warns against Variable Annuities that expose your principal to stock market losses while draining your account with massive 3% to 4% annual fees, and cautions against Immediate Annuities (SPIAs) that force you into an irrevocable contract where you permanently lose control of your lump sum. Finally, Shawn breaks down the newer hybrid "RILA" annuity and explains why you are much better off using a traditional FIA with a cap buy-up fee to maximize upside without ever risking your principal. 👉 Read our full guide on the different types of annuities to find your best fit here:https://www.annuityexpertadvice.com/types-of-annuities/ 📞 Call our team for free, no-obligation advice to safely evaluate your annuity options at: 770-755-1565 ⏱️ Video Chapters: 0:00 - Intro: What are the four types of annuities? 0:24 - Type 1: Fixed Annuities (MYGAs) and guaranteed interest 1:13 - Type 2: Fixed Index Annuities (FIAs) and 100% downside protection 2:31 - Type 3: Variable Annuities (Market risk and 3-4% annual fees) 3:02 - Type 4: Immediate Annuities (The danger of irrevocable SPIA contracts) 3:42 - Bonus Type: RILA Annuities (Variable and FIA hybrids) 4:15 - Shawn's Strategy: Maximizing upside without RILA downside risk 4:34 - Final Verdict: How to research rates and calculators anonymously