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028: Annuity Death Benefits: How They Work & The Choices Offered

“Fun With Annuities” The Annuity Man Podcast

Release Date: 10/27/2020

068: Tom Hegna: Don't Worry, Retire Happy! show art 068: Tom Hegna: Don't Worry, Retire Happy!

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Tom Hegna discuss:  Saying no to DIY retirement  What the right age for retirement is How annuity addresses inflation  Securing guaranteed lifetime income with annuities    Key Takeaways:  Retirement is not a DIY project, do it with a professional.  The age for retirement would not be the same for many. If you want to get the optimal age, you have to spend some time calculating for all the factors that go into it.  Be creative in doing something that can help your retirement. It’s okay if you have to do a...

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067: Bradley Birkenfeld: Exposing Corruption and Creating a Better System show art 067: Bradley Birkenfeld: Exposing Corruption and Creating a Better System

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Bradley Birkenfeld discuss:  Corruption in the government and our justice system The problem with bank secrecy and facts about the relationship between our government and bankers Getting incarcerated for doing the right thing Tax evasion in wealthy groups and how corruption happens in places The future of cryptocurrency and bankers    Key Takeaways:  If you’re not part of the solution, you’re part of the problem - you’re either one of those.  The system is so ingrained with corruption that it has already become impossible...

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066: Dana Anspach: Juicing Your Retirement Plan show art 066: Dana Anspach: Juicing Your Retirement Plan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Dana Anspach discuss:  Juicing your retirement money How can you know if you’re “retirement-ready” What are some things you have to consider when setting up your retirement plan The four percent rule   Key Takeaways:  Don’t underestimate what more you can juice from your retirement plan. You might very well end up with hundreds of thousands of dollars by the end of it.  You need to know what the risk factors are in the decumulation phase.  Calculating the bigger picture of your retirement will help you make decisions that...

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065: Bob Powell - The Voice for Your Retirement show art 065: Bob Powell - The Voice for Your Retirement

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Bob Powell discuss: The new normal of today’s interest rates  Good tips and strategies for building your retirement fund Some insights on Cryptocurrency  Special Purpose Acquisition Companies and  Key Takeaways:  Use the "bucket strategy" for a low but somewhat stable yield even in unstable times Be very careful on deals and contracts that are "too good to be true" (but contractually are not). Cryptocurrency might be an interesting inflation hedge but it has never experienced an inflationary period.  Risky assets don’t cover...

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064: Christine Benz: Avoiding Blind Spots in Your Retirement Portfolio Planning show art 064: Christine Benz: Avoiding Blind Spots in Your Retirement Portfolio Planning

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Christine Benz discuss:  Why Christine is so passionate about financial education and retirement portfolio planning.  Why decumulation is not bad (and when it is a good thing).  Retirement blindspots to be aware of.  Staying mindful of additional, variable costs in your spending plan. Bucket approach investing and portfolios.    Key Takeaways:  Your portfolio doesn't know whether your withdrawals are coming from income or from selling appreciated securities, what matters is that you are not taking out too much. ...

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063: Dennis Miller: Your Comfortable Retirement Guarantee show art 063: Dennis Miller: Your Comfortable Retirement Guarantee

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Dennis Miller discusses:  What ROMEO is and how it influences Dennis and his writing.  Why inflation is a personal thing.  Diversifying for income guarantee and reducing risk.  Answering the questions Dennis’s readers are asking.    Key Takeaways:  You must diversify if you are going to survive as a retiree and not rely solely on any one income stream, including Social Security.  Plan for Social Security, in some form, but when you’re running the numbers it is not a guaranteed number.  Once you retire,...

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062: Bob Carlson: Unlocking the Secrets of Social Security and Your Retirement Plan show art 062: Bob Carlson: Unlocking the Secrets of Social Security and Your Retirement Plan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  How the COVID19 pandemic has affected retirement plans. The Retirement Watch newsletter and how it can help you.  What DC is doing that can affect retirement.  Inflation and adding inflation hedges to your portfolio.    Key Takeaways:  While the focus of retirement planning is on the financial side, that is the least important side of your retirement planning. Knowing what you’re going to do in retirement is vital.  You need to keep up with changes and revise your retirement plan as necessary.  The social...

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061: John Lenz: The Annuity Mechanic Thinks Outside The Box show art 061: John Lenz: The Annuity Mechanic Thinks Outside The Box

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and John Lenz discuss:  Spendthrift planning.  Customizing the annuity contracts to achieve the specific goals you have in mind.  Medicaid planning using annuities.  Nonqualified stretch plans.    Key Takeaways:  There is nothing magical about the ability to manage money. It can be difficult regardless of the age of the beneficiary.  Working with an elder care attorney or an estate planning attorney can often help when deciding how to best provide for your beneficiaries.  There are many different types of...

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060: Bill Black: The Math and Taxes of Life Insurance show art 060: Bill Black: The Math and Taxes of Life Insurance

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man and Bill Black discuss:  What is happening in the life insurance space (especially during the current pandemic).  How interest rates affect life insurance policies.  Benefits of life insurance to the beneficiaries.  What to watch out for in the sales pitch world of life insurance.    Key Takeaways:  Oftentimes, term insurance can be changed to permanent insurance without the health checks being redone.  Life insurance is the best return on investment that you will never see.  Like with annuities, you buy life...

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059: FIA Insider Wears Mask to Protect Identity and Share Industry Secrets show art 059: FIA Insider Wears Mask to Protect Identity and Share Industry Secrets

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discusses:  The historical journey of indexed annuities and how they’ve gotten to where they are today.  The questions to ask your advisor about your indexed annuities.  The golden rule of annuities - they have the gold, so they make the rules.  The problems with backtested numbers.    Key Takeaways:  For anyone to say market upside with no downside or market participation with principal protection is misleading and blatantly false. If you get a big bonus with an annuity, you’re paying for it. You’re financing it over...

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More Episodes

In this episode, The Annuity Man discusses: 

  • Structuring your lifetime income payment to go to your beneficiary, not the evil annuity company. 
  • Life insurance versus annuity death benefits. 
  • Common death benefit choices. 
  • Beneficiary setups for annuity death benefits.   

 

Key Takeaways: 

  • Annuities are contracts, it is up to you how you want to structure it. 
  • Annuities are customizable from a death benefit standpoint. 
  • Fixed annuities are regulated at a state level, not a federal level. 
  • There is no urgency to buy an annuity, you’ve got to do it on your terms and your timeline. 

 

"Can annuities be fun? Yeah! Can contractual guarantees be fun? Yeah! Can death be fun? No. but, with the contractual guarantees of annuities, we can make sure that it is as enjoyable for your beneficiaries as humanly possible." —  The Annuity Man 

  

Connect with The Annuity Man: 

Website: TheAnnuityMan.com 

Email: [email protected] 

Book: SPIA Owner’s Manual 

YouTube: Stan The Annuity Man 

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