John Lenz: The Banking Crisis & Annuities
“Fun With Annuities” The Annuity Man Podcast
Release Date: 03/28/2023
Branislav Nikolic: Looking Forward With Fixed Index Annuities
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Branislav Nikolic discuss: Why you should be cautious of backtested numbers Being a smart and cautious consumer The importance of transparency and consumer-advantage Key Takeaways: Backtested numbers are based on hindsight. The numbers may go flat or go down, but they will not skyrocket, as shown in the projection. Be cautious of people showing you backtested numbers. These numbers are not real; they are hypothetical. If your agent offers market-rate returns with principal protection, ask them to detail...
info_outline
Annuities For A 9-Year Old: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Buying an annuity that you understand Annuities aren’t one-size-fits-all How to know if you understand a product Key Takeaways: When buying an annuity, remember that if a product sounds too good to be true, it is every single time. There are also annuities that are more complex and most agents cannot explain it well, let alone even comprehend it themselves. Currently, the annuity industry has an unbalanced way of compensation for different types of products. Agents get a higher commission for...
info_outline
Annuity $$ Doesn’t Have to Go Poof: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: What is a life-only lifetime income stream? How you can choose where your money goes when you die The many ways that you can structure an annuity Key Takeaways: People who complain that annuities are bad because the money goes poof when the policyholder dies are talking about one type of annuity that’s structured in one specific way: a life-only lifetime income stream. There are 40-plus different ways to structure an annuity. Annuities can be structured so your money doesn’t go to the annuity...
info_outline
Owen Schrum: Game Planning for Your Retirement
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Owen Schrum discuss: The interconnectivity of financial structures How a hard recession could be avoided Annuity companies are more regulated than banks Positive trends in the economy Key Takeaways: Inflation, the debt limit, the Federal Reserve, and the markets are not standalone. They are all directly connected and related. Being careless with one part can cause the whole thing to collapse. If the chairman of the Federal Reserve says that they’re considering lowering the rates based on the...
info_outline
Time Is The Ultimate Currency: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: The difference between lifespan and health span and the ultimate currency Don’t waste your time How annuities can help you maximize your time The purpose of life Key Takeaways: Lifespan is how long we're going to live. Health span is how long we're going to live well. Time is the ultimate currency. The time that we’re given is all we have, we can’t get more of it, and it’s finite. If time is the ultimate currency, contemplate how you use it. What areas of your life are you wasting...
info_outline
Monte Carlo or Stanicarlo Simulation: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: A simulation doesn’t provide contractual guarantees Contractual guarantees for your chapter two You’ve more than earned the right to finally live your life Key Takeaways: Don’t fall for what a Monte Carlo simulation shows; it doesn’t prove anything. Ask them if any of it is contractually guaranteed, and you’ll hear from them yourself that, at the end of the day, it’s all hypothetical. When you’re in chapter two of your life, you don’t need to track the markets as you’ve always...
info_outline
Martin Parlato: Factually Ranting on Investing Now
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Martin Parlato discuss: Why it’s important to appoint the qualified Cryptocurrency is “craptocurrency” On Facebook, TikTok, and Twitter Don’t get fancy, and don’t panic Key Takeaways: A person’s identity or politics is entirely irrelevant compared to how competent they are for the job they are given; that’s what matters. People who are appointed to powerful positions should be qualified. Cryptocurrency is still “craptocurrency” for Marty. He doesn’t follow it, use it, or...
info_outline
Lifestyle Income Guarantees: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discussed: Lifestyle income guarantee Making time for what truly matters What’s your lifestyle number? Key Takeaways: Annuities are the only category that provides income as long as you are breathing. There’s no ROI until you die. Since retirement is all about lifestyle, you’ve got to retire from the markets and put guarantees in place to sustain the life you want as long as you are breathing. Life is fleeting. Spend your precious days on things that are meaningful. Chapter two isn’t the time for...
info_outline
4 Contractual Paths: Shootin' It Straight With Stan
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man discusses: Not everyone needs an annuity MYGA to SPIA Who should get a deferred income annuity? The highest contractual guaranteed income rider Key Takeaways: Many of you out there don’t need an annuity right now, but when you need income, buy an immediate annuity by shopping all carriers and looking for the highest-yielding guarantee. The second way is called MYGA to SPIA. This is where you buy a five-year MYGA which gets a guaranteed interest rate. Then, at the end of the term, shop all immediate annuity...
info_outline
Terry Savage: Chicken Money Strategies That Work
“Fun With Annuities” The Annuity Man Podcast
In this episode, The Annuity Man and Terry Savage discuss: Responding to current financial issues The bulls, the bears, and the chickens Should you wait before taking social security? The biggest legacy you can leave Key Takeaways: Don’t panic at every scary event that you hear from the news. Recognize America’s history of resiliency and the crises the country has gotten through. Also, check for yourself if and how current financial issues affect you personally before reacting to them. In every stage of your life, you should...
info_outlineIn this episode, The Annuity Man and John Lenz discuss:
-
Required capital level of annuity companies
-
Market value adjustment, surrender penalty, and pivoting with annuities
-
What state-guaranteed funds are for
-
Exposure and liabilities in the insurance industry
Key Takeaways:
-
When the annuity company invests their client’s money, they make sure to add capital over and above the asset to provide a safety net. That’s called a required capital level; insurance companies add multiples of that.
-
The market value adjustment and the surrender penalty help protect the insurance company and its policyholders. However, you could buy an annuity without market value adjustment and guarantees a full refund.
-
State guaranteed fund was an attempt by the insurance industry to create another additional layer of security for the policyholder. In an unusually catastrophic event where all redundancies had been found insufficient, the state insurance commissioner can order the company to be rehabilitated and strengthened.
-
Reinsurance is complicated; an insurance company will take part of their liabilities and transfer those to another company. Most importantly, the company that issues the policy is still on a hook even if they reinsure.
"There are layers of redundancy to try to keep insurance companies healthy, and it really works." — John Lenz
Connect with John Lenz:
Website: https://www.lenzfinancial.com/
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: [email protected]
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!