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Why Democrats Love Annuities

Stan Haithcock
February 1, 2024
Why Democrats Love Annuities

Hi there, Stan The Annuity Man, America's annuity agent, licensed in all 50 states. Today we're going to talk about why Democrats love annuities. The blue state. We have the red state, which are the Republicans, and then we have the Democrats. I've done a blog on why Republicans love annuities, but I think it's fair to talk about the Democrats, why they love annuities, and yes, Democrats love annuities.

‌I don't care what side of the political spectrum you land on. It doesn't really matter to me. I'm a capitalist. I'm a small business owner. I'm just trying to survive, do my thing, do the right thing for people, and be a fiduciary. I have a family just like you. I have friends and I care about the country just like everybody else. I want everything to go well and would love for us to get along, but let's talk about annuities today. Let's talk about why Democrats love annuities and why they fit into their mantra and their line of thinking.

‌My sister, Democrat, will probably read this. She won't like me because I'm doing it, but she'll like the message because she'll say, "Yeah, that's probably true. I'm kind of like that." I love my sister, and I love the fact she's a Democrat and an outspoken Democrat. Maybe this is for her or the Democrats as a whole, but let's get into it.

‌Social Security

‌Democrats, you're emotional out there. You want to change things. I love that. I love the passion. It's spilling over into the streets, as they say, but let's talk about why Democrats love annuities. Well, first of all, Democrats love Social Security. There's no doubt about it. If you try to go after Social Security politically, they will hammer you. They will drill you. Those politicians will come out and say, "You do not touch Social Security. You do not mess with those payments to our seasoned citizens, as they say." They love annuities because Social Security is the best inflation annuity on the planet. It just really is. Social Security is an annuity because it pays a lifetime income stream.


‌Annuities were put on the planet in the Roman times to create a pension payment for lifetime income. That's where they came from, and it's been sold in this country, annuities, the Single Premium Immediate Annuity type for hundreds of years now. Democrats love pensions. Democrats love unions. Democrats want companies to provide pensions. What are pensions? Pensions are annuities. Pensions are lifetime income streams that will pay that dutiful worker for the rest of their life after they retire. Democrats love pensions. They wish that all companies would provide them, and they have made sure that government workers and union workers and those people are getting pensions because Democrats love pensions. They love lifetime income streams. They love Social Security.

‌Protecting the Principal

‌You know what they also love? They love protecting principals as well. They work hard for their money. They don't want to lose money. They want to make sure the principal's protected. Guess what? There are annuities out there that protect the principal, like Fixed-Rate Annuities, also called Multi-Year Guarantee Annuities, and Fixed Index Annuities, which are CD products, kind of fancy CD products, but they protect the principal. Democrats love protecting the principal.

‌They also love the elderly. In addition to Social Security, which is a retirement income stream for our seasoned citizens, they love that. They also love making sure that the seasoned citizens and the people, the 10,000 baby boomers hitting retirement age every single day, have healthcare. Democrats are all for universal healthcare. They're all for people being taken care of medically. That's noble. I totally agree with that sentiment. Sometimes, the way to pay for it is kind of tough, and we're working through that as a country, but as Democrats, they love for people to have healthcare.

‌Long-Term Care

‌With that, they will love annuities because they can provide transfer risk coverage for long-term care, confinement care, or enhanced benefits when you have to go into a nursing home or need in-home care. There are products out there that, when you can't do two of the six daily functions of life, which are feed yourself and clothe yourself and bathe yourself and things like that, there are products that you can buy that can cover that expense and transfer the risk to the company.


‌Democrats love those types of products. They also like another annuity-type product for legacy. Democrats love life insurance because they want families to be able to transfer wealth to their heirs. Well, they also love for people to have death benefits and legacy benefits that can't qualify for life insurance, so Democrats love annuities that provide legacy, that have a guaranteed death benefit rider on it, or that can be structured so that the beneficiaries can be taken care of, and the risk can be transferred.

‌Bottom line, I think Democrats love annuities just as much as Republicans love annuities. Democrats want families to stay together. Democrats want people to have healthcare. Democrats like products that have healthcare. Democrats want people to have lifetime income. Democrats love Social Security. Democrats love pensions. Sounds familiar to the Republicans. Republicans like families, Democrats like families. Republicans like lifetime income, and Democrats like lifetime income. Annuities might bring this whole thing together.

‌Maybe Stan The Annuity Man should run for office. Maybe. Let's think about that. So, regardless of who gets elected, I think I should be the annuity czar for the country to bring everyone together for a common purpose of transferring risk to take care of people because, at the end of the day, Democrats want to take care of people. They want to make sure they have healthcare. They want to make sure they have families in place. They want to make sure there's a legacy. They want to make sure there's lifetime income and pensions and Social Security just like the Republicans.

‌Common Goals

‌Now, the argument is how we get there, how it works, how we pay for it, and how we agree upon it. I think we should start with annuities and say, "Hey, if you're a Democrat, you agree upon all those things. If you're a Republican, you agree upon all those things." Family, lifetime, income, legacy, taking care of the elderly, long-term care, and healthcare seem to be common goals. It seems like that's what we're all trying to do as a country and figure out how to provide it because, as a country, we are unique.

‌We're a melting pot. We're different, and it's good that we're different and good that we have arguments and disagreements. What's also good is we all share the common goal. I know Republicans are going to say, "No, Democrats don't share the common goal." Democrats are going to say, "No. Republicans don't share the common goal." If you're a Democrat or Republican watching this, I want you to think about this. Do we all share a common goal about our family? If you're a Republican, have you met a Democrat with a family that doesn't care about their family? If you're a Democrat, have you met a Republican that doesn't care about their family?

‌Probably not. We all care about our family. We all love our family. Have you met anyone out there? If you're a Republican, have you met a Democrat who doesn't care about people being taken care of healthcare-wise? Sure. You want that to happen. If you're a Democrat, it's the same thing with Republicans. Republicans, do you think they want to have people die on the street? Of course not. They want to take care of people. Annuities might be the glue. The bottom line, and with all of this, hey, Democrats out there, you love annuities. You didn't know that, but you do. Hey, Republicans out there, you love annuities. You didn't know that, but you do. Hey, Republicans and Democrats, guess what? You probably love each other. You didn't know that, but you do.

‌All right, political kumbaya, that was pretty good. Make sure to visit The Annuity Man, for all things annuities. I have a podcast called Fun with Annuities. I put out annuity content every single day. You can get all my annuity books for free and without obligation by clicking this link.

‌Last but not least, let's all get along. Let's all vote. Let's all respect the outcome and move forward as a country. With that, I'll see you on the following Stan The Annuity Man blog.

Never forget to live in reality, not the dream, with annuities and contractual guarantees! You can use our calculators, get all six of my books for free, and most importantly book a call with me so we can discuss what works best for your specific situation.

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