In this episode, The Annuity Man discussed:
- Shopping for annuity products
- Marrying the company for lifetime income
- Avoid “one-size-fits-all” annuity products
- Buy annuities for the guarantees
Key Takeaways:
- Buying annuities is like shopping for a plane ticket. Annuities are commodity products; you shop all carriers for the highest contractual guarantee.
- With lifetime income products, the Annuity company will pay you as long as you breathe. You can also structure the contract in a way where if something happens to you, 100% of your money goes to the beneficiaries.
- Annuities need to be structured differently for different intentions. There’s no one-size-fits-all annuity product.
- Always make decisions based on contractual guarantees, not on anything potential, projected, backtested, or theoretical.
"All types of annuities are commodities; you own them for what they will do, not what they might do. Always make your decision on the contractual guarantee." — Stan The Annuity Man.
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
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!
