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Annuities Are for Do-It-Yourselfers: Shootin' It Straight With Stan
Manage episode 393296189 series 2798004
In this episode, The Annuity Man discussed:
Annuities are DIY products
Focus on the contractual guarantees
Commoditization of annuities
Key Takeaways:
Annuities are do-it-yourself products that don’t need any management fees. If an agent asks for management fees, you must ask them to explain why they included that charge.
You own an annuity for what it will do, not what it might do. The “will do” are the contractual guarantees of the policy. Never buy an annuity for hypothetical, theoretical, backtested, or projected return scenarios.
When annuities are commoditized, you can shop for the highest contractual guarantee, which makes it perfect for DIY individuals.
"All annuity types are for do-it-yourselfers. If you want lifetime income, then you answer two questions, what do you want the money to contractually do when you want those contractual guarantees to start." — 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!
282 jaksoa
Manage episode 393296189 series 2798004
In this episode, The Annuity Man discussed:
Annuities are DIY products
Focus on the contractual guarantees
Commoditization of annuities
Key Takeaways:
Annuities are do-it-yourself products that don’t need any management fees. If an agent asks for management fees, you must ask them to explain why they included that charge.
You own an annuity for what it will do, not what it might do. The “will do” are the contractual guarantees of the policy. Never buy an annuity for hypothetical, theoretical, backtested, or projected return scenarios.
When annuities are commoditized, you can shop for the highest contractual guarantee, which makes it perfect for DIY individuals.
"All annuity types are for do-it-yourselfers. If you want lifetime income, then you answer two questions, what do you want the money to contractually do when you want those contractual guarantees to start." — 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!
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