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All Annuities Are…: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

Release Date: 10/25/2023

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In this episode, The Annuity Man discussed:  Annuities are contracts  How Indexed Annuities should be used  Don’t buy an annuity for market returns    Key Takeaways:  To say that something is “guaranteed and backtested” means that there is nothing guaranteed at all. Annuities are contracts, buy them for what they will do and not what they might do.  Indexed Annuities have the potential to go down in value, but they can be used as an efficient delivery system for guaranteed lifetime income through an income rider attachment.  If you...

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In this episode, The Annuity Man discussed:  State guaranty funds  The true safety of the industry  Life insurance companies are more regulated  Assigning unused money to beneficiaries   Key Takeaways:  If you look at the state guaranty fund, each state has a specific rule in place to protect you and your money in case something happens to the carrier.  You should be buying the claims-paying ability of the life insurance company from the standpoint of safety. The true safety of the annuity industry is the industry policing itself.  Life...

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In this episode, The Annuity Man discussed:  The Income Rider and the accumulation value  Two numbers you need before you transfer to SPIA Calculating a SPIA quote  When you should transfer to a SPIA   Key Takeaways:  The Income Rider is an attachment to a policy that guarantees a lifetime income stream but it’s a separate calculation from the accumulation value. The accumulation value in simple terms is the real money.  Take the accumulation value of the policy and ask the company to give you two guaranteed contractual numbers: first is the Income...

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In this episode, The Annuity Man discussed:  Swallowing the food but not the pitch  Annuities are never one-size-fits-all  Focusing on contractual guarantees    Key Takeaways:  If you ever get invited to an annuity “seminar”, then remember to swallow the food but not the pitch. Don’t be swayed by misleading terms and enticing promises. When it comes to annuities, always focus on the contractual guarantees.  When it comes to annuity companies and products, there is no “best” product and no “best” company that is applicable to everyone...

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In this episode, The Annuity Man and Chuck Jaffe discuss:  Politics and economy  Looking into how inflation affects you  How Indexed Annuities should be used  The question for cryptocurrency    Key Takeaways:  Politics don’t create the economy. There are a lot more factors that go into it than just who is in power. Economic forecasts sometimes become inaccurate because there is a huge disconnect between how we feel and how we’re doing.  Don’t let the news dictate what you truly feel. Try to honestly assess how inflation is affecting...

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In this episode, The Annuity Man discussed:  Lifetime income and principal protection  Return of your money  Peeling of the interest to solve income needs    Key Takeaways:  Annuities aren’t only for lifetime income, some products just protect the principal like a MYGA or a Fixed Annuity.  With lifetime income, annuity companies are on the hook to pay a return OF your principal plus interest as long as you are breathing.  Will peeling off the interest, never touching the principal, and getting a return ON your money solve your income...

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More Episodes

In this episode, The Annuity Man discussed: 

  • Debunking generalizations about annuities

  • Most annuity types have no fees 

  • Are all annuities a bad deal? 

  • What all annuities really are 

 

Key Takeaways: 

  • Making sweeping generalizations about annuities is as stupid as saying all restaurants are bad or all shoes are expensive. Anyone who says all annuities are bad should not claim their social security or pension from the government because those two are annuities. 

  • Most annuity types have no expenses. Single premium immediate annuities, deferred income annuities, qualified longevity annuity contracts, multi-year guarantee annuities, and even index annuities when you don't attach income riders don't have any fees. 

  • How can all annuities be a bad deal when you can receive guaranteed income as long as you are breathing? You can even structure the contract so that the annuity company gives the money to your beneficiaries when you die. 

  • All annuities are good, suitable, and appropriate if an agent takes the time to have a full conversation with you to see if the annuity will fit your needs. All annuities are contractual and should be purchased for their contractual guarantees. 

 

"All annuities are not for everyone. All annuities are contractual. All annuities are and should be shopped with all carriers for the highest contractual guarantee for your specific situation that you're trying to solve for." —  Stan The Annuity Man. 

 

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!