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Understanding Annuity Payout Options - Shootin' It Straight with Stan (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

Release Date: 07/10/2024

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In this episode, The Annuity Man discussed:  Annuity marketing gimmicks  The complexity of Indexed Annuities  What annuities are for    Key Takeaways:  Bonuses for annuities are marketing gimmicks and provide no real value. Contractual guarantees are the most important aspect of annuities. Indexed annuities are complex products with components like caps, spreads, and participation rates that limit upside gains. These components can change annually, making the product difficult to understand. Annuities are designed for risk transfer through...

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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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In this episode, The Annuity Man discussed:  When is it a good time to buy an annuity?  Are annuities for market growth?  Annuity sales tactics to be wary of    Key Takeaways:  Annuities aren’t for everybody. If you need to transfer risk, need contractual guarantees, or solve for principal protection, income for life, legacy, or long-term care, then it’s a good time to buy an annuity.  If your goal is market growth, then an annuity is not for you. Annuities are not market-growth products. When buying an annuity, you’re buying a contract,...

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In this episode, The Annuity Man discussed:  Locking in for three years and over  The top three safest money  When to go for CDs and treasuries    Key Takeaways:  Ask yourself how long you want to lock the money in for. MYGAs provide the highest contractual guarantee if it’s three years and over compared to CDs and treasuries.  The safest money out of all three would be treasuries, the second safest money is CDs, and the third safest would be MYGAs. Buy treasuries only from treasurydirect.gov.  If you’re going to lock in money for three...

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More Episodes

In this episode, The Annuity Man discussed: 

  • Annuities are customizable 

  • An example of life with cash refund 

  • What does it mean to get a joint-life policy

  • Options and choices when getting an annuity 

 

Key Takeaways: 

  • A life-only contract means that the annuity company is on the hook to pay as long as you’re breathing, but the money goes away when you die. 

  • Life with cash refund means that you get paid while you’re alive, with some money going to your beneficiary when you die. 

  • A joint life policy means that you and your spouse will receive payments. When you die, their income continues uninterrupted and unchanged. 

  • There’s not just one annuity, there are many kinds, and there are also a lot of options when customizing your contract. 

 

"I want you to understand what you’re buying and how it works ‘cause remember, an annuity is a contract" —  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 

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