Are you watching the headlines and feeling increasingly anxious about the stability of your local bank or credit union? Are you looking to move your hard-earned savings into a Multi-Year Guaranteed Annuity (MYGA) as a safe haven, but worried that the insurance company itself might go under? 🛑💸

In this completely unfiltered warning, Shawn Plummer from The Annuity Expert answers whether a MYGA is a safe move if you fear bank failures. The short answer? Yes, it is an excellent safe-money choice—but chasing the absolute highest rate on the internet right now could expose you to massive company risk!

Shawn reveals a striking historical fact: going back to the year 2000, far more banks and credit unions have failed across the country than insurance companies. However, because the macroeconomic landscape is shifting and interest rates are trending downward, a lot of brand-new, "rinky-dinky" insurance companies are coming out of the woodwork. Shawn issues a massive consumer alert: chasing an extra 0.50% interest could mean handing your $500,000 life savings over to a startup carrier run by as few as 13 people! Learn Shawn's strict guidelines for picking stable carriers, how State Guarantee Associations act as your safety net, and how to perfectly insulate your retirement wealth.

📊 Check today’s true APYs from top-tier, A-rated insurance companies completely anonymously:

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

📞 Want a free, zero-pressure financial stability check on an annuity you were pitched? Call us at: 770-755-1565

⏱️ Video Chapters:

0:00 - Intro: Can a MYGA be used if I fear bank failures?

0:10 - The Track Record: Banks and credit unions vs. insurance companies

0:52 - Macro Shift: Falling interest rates and the rise of "rinky-dinky" carriers

1:31 - The 13-Employee Trap: Chasing yield over financial stability

1:56 - Shawn's Rules: Sticking to A- (or better) ratings and 30+ years of history

2:22 - What is a State Guarantee Association? (The insurance FDIC)

2:46 - The Reality Check: How long does a state bailout actually take?

3:37 - Why high-rate startups are making mistakes with your money

5:40 - How to use our daily-updated fixed rate page to shop safely