002: What is a Single Premium Immediate Annuity?

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welcome to

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fun with annuities with your host me

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stan

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the annuity man america's annuity agent

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can annuities be fun can contractual

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guarantees be fun

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absolutely they can find out the brutal

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facts about annuities

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with no sales pitches or high pressure

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nonsense

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just the brutal and factual annuity

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truth which is all you need to hear

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let's have some fun with annuities and

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let's have that fun

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start right now

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hey this is stan the annuity man and

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welcome to fun

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with annuities today we're going to talk

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about a product called

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single premium immediate annuity in the

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industry it's called aspia spia which

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stands for single premium immediate

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annuity

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it's also called an income annuity a

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pension annuity an immediate annuity

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but at the end of the day this is the

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granddaddy

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of all annuity types this this was the

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one that started it all

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and we'll kind of get into the history

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of it etc now

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what i'm going to do is the outline of

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this podcast really comes from the book

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that i've written one of the

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seven books on annuities that i

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published and you can buy on amazon or

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get it from me either one you want

1:17
and the book's called spea owner's

1:18
manual so it's a single premium

1:20
immediate annuity owner's manual

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i'm actually holding it in my hand you

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might hear the pages flip because i want

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to make sure i'm covering

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everything because when i wrote the book

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it was all-encompassing it's 45 pages

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long

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it's very easy to read and before you

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buy anything

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especially an immediate annuity you know

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you need to have this book so you know

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contact me

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at stan at the annuityman.com or go to

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the annuityman.com and sign up and get

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yours for free and i'll ship it to you

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or you can go to amazon and buy there at

1:47
your call but the bottom line is i've

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already covered it and what we're going

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to do is just cover it in an audio

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version

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today but you're going to hear me flip

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pages because i'm holding it in my hand

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because i spent a lot of time to

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concisely put it together

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so let's kind of get started you know

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this was the only

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type of annuity that was sold in the

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united states until about 1955

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so it's been around for a long long time

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the history of the product is

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is fascinating single premium immediate

2:14
annuities in the word annuity comes from

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the word

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annual a nua it's a latin word for

2:19
payment

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and in the roman times the roman empire

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created these payments these lifetime

2:26
income guarantees for the

2:28
dutiful roman soldiers and their

2:29
families so i mean they were getting

2:31
immediate annuity payments if you look

2:33
at

2:34
social security it is an immediate

2:36
annuity payment it really is it's a

2:38
lifetime income stream that you can't

2:39
outlive and that's really what

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an immediate annuity is but with all

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products that

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i show people and recommend or talk

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about

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we start with the benefits and the

2:50
limitations so let's do that

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so first of all let's start with the

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limitations

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which is always where i like to start i

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want people to know the truth about

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these products

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limitations on an immediate annuity is

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that it really doesn't have a lot of

3:05
liquidity

3:06
in fact most of them have none there are

3:08
some out there that offer

3:09
liquidity but anytime an annuity company

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offers anything

3:13
they're going to lower the guarantee so

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you know you might have agency

3:16
well mine does well yeah but you'll get

3:18
a lower a lower payout always tell

3:21
people

3:22
if you need liquidity then you're

3:23
putting too much money into an immediate

3:25
annuity the immediate annuity

3:27
should be a product that is earmarked

3:30
for pension

3:30
and you can set it up for your life for

3:32
you and someone else's life or you and

3:33
your spouse's life

3:35
et cetera we'll go through you know how

3:36
to structure it all the choices that you

3:39
have

3:39
but the one that kills me out there is

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people say i hate annuities you really

3:42
hate pensions because this is what a

3:44
pension is it's an immediate annuity

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structure so

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there's not a lot of liquidity there's

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no market attachment so there's no

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upside opportunity

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so if you want an investment don't buy

3:54
immediate annuity the contract is rigid

3:56
so you know it is what it is you're

3:59
going to get your money back

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if you outlive your life expectancy you

4:03
can you can structure so that 100 of

4:05
your money

4:06
goes to the beneficiaries one of the big

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things out there people say i don't want

4:09
to buy an immediate annuity because when

4:10
i die

4:11
the annuity company evil annuity company

4:13
keeps all the money well that's only one

4:14
way to structure the product

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you can structure it so that you still

4:18
get a lifetime income but if your

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learjet hits the mountain and you die

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100 of the money goes to your listed

4:24
beneficiaries

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in most cases with these immediate

4:26
annuities they're irrevocable meaning

4:28
that you can't call me up

4:30
four months later say hey stan send me

4:31
all the money back you're going to get

4:33
the money back but it's going to be in

4:34
payment form

4:35
and typically an immediate annuity the

4:38
payments are in a static form meaning

4:40
the payments are never going to change

4:41
now you can attach

4:43
what's called a cost of living

4:44
adjustment writer a cola cola

4:46
or cpiu consumer price index rider that

4:50
increases and that sounds great

4:51
but always remember that annuity

4:53
companies have the big buildings for a

4:54
reason they have the big planes and the

4:55
big logos on the plane for a reason they

4:57
don't give anything away so if you want

4:58
to attach

4:59
an annual increase to the income stream

5:01
it sounds fantastic

5:03
they're going to lower the payment so

5:05
you already own

5:06
the best inflation annuity on the planet

5:08
and that is called social security

5:11
because they raise it based on when they

5:13
want to get votes

5:14
annuity companies don't care they're

5:16
gonna they're gonna price it in

5:18
based on your life expectancy etc so so

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those are the limitations

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you know limited liquidity no market

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upside rigid contract irrevocable

5:27
and static payments versus cola okay

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the benefits it's a contractually

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guaranteed income stream for life you

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can never outlive it

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if you set up joint life then your

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spouse can never outlive it

5:38
you can customize how you structure it

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meaning that

5:41
if you want to have the highest payout

5:43
that's life only meaning that when you

5:44
die money goes poof

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but it does not have to be that way you

5:48
can also structure it so you have a

5:49
lifetime income

5:51
okay and if you die 100 of any unused

5:54
money goes to

5:55
the beneficiaries and the evil annuity

5:57
company doesn't keep a penny you also

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construct it for a period certain

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meaning

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hey stan i just wanted to pay for 10

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years okay we can do that or 15 or 20 or

6:05
25 or 22 or seven

6:07
just remember it's customizable to

6:09
exactly what you want to achieve

6:12
again it's a lifetime guarantee the

6:15
annuities

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are the only product category that will

6:18
pay you for the rest of your life

6:20
and also too remember this you're going

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to hear a lot of pitches out there

6:24
well my annuity you need to buy my

6:26
annuity and turn it on

6:27
immediately let me just tell you this

6:29
and remember this immediate annuities

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99.9 of the time are going to have the

6:34
highest contractual guarantee payout

6:37
period because they're just structured

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that way so if anyone's trying to fit a

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square peg into a round hole and say

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buy my index annuity with an income

6:45
rider and turn it on immediately

6:46
in most cases that's just a straight

6:48
commission play in most cases

6:50
so you know if you need income between

6:53
30 days and a year which is

6:55
is the definition of an immediate

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annuity

6:58
the income can start as soon as 30 days

7:00
from the contract issue date or as

7:02
long as a year year 13 months et cetera

7:05
then an immediate news is going to

7:07
provide the highest contractual payout

7:09
as i said in the limitations you can

7:11
attach increases cpis and colas

7:14
but that's going to limit the payout

7:16
that's going to lower it okay

7:17
not limit but lower it compared to the

7:20
static form and in most cases

7:22
depending on the math it's it's a seven

7:24
and nine year breakeven point if you

7:25
compare the same exact annuity with a

7:27
cola

7:28
and compared to without a cold and in my

7:31
situation

7:31
most of the time when we have a

7:33
discussion

7:34
my clients decide to go ahead and take

7:36
the static payment just a time value

7:38
money calculation

7:39
so these can be set up joint with a

7:41
spouse that can be set up joint with

7:43
anybody really you just got to tell me

7:46
exactly what you want to do remember

7:47
they are customizable

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and immediate annuities are efficient

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they're transparent

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in essence they're a transfer risk

7:54
strategy that is just unmatched you're

7:56
transferring the risk to the annuity

7:57
company to

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pay you or pay you and your spouse or

8:00
you and someone else

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for the rest of your lives regardless of

8:03
how long that is

8:04
so you're transferring the risk to pay

8:06
so people always say

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you know what's the roi on immediate

8:10
annuity i don't know that until you die

8:13
so when you die i'll go to your funeral

8:14
i'll sing a very nice song

8:16
and i'll tell everybody the roi because

8:18
up until that point i don't know you're

8:20
transferring the risk

8:21
so don't don't look at immediate news as

8:23
investments and try to compare it to

8:26
whatever bonds whatever and there's a

8:27
lot of people out there saying immediate

8:28
annuities versus bonds that's

8:30
to me standing nudity man number one

8:32
agent in the country licensed in all 50

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states

8:34
that's garbage annuities are contracts

8:37
so you have to look at it as a contract

8:40
one of the other things i like one of

8:41
the limit of the benefits is

8:43
they're easy to understand and there's

8:45
really no market attachments to them so

8:47
those are the

8:48
the limitations the benefits of the

8:50
product

8:51
so in my opinion and we talked about the

8:54
history of these

8:56
and they've been around for a long long

8:57
time there's nothing new here so when

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people say i hate annuities really do

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you hate do you hate pensions do you

9:03
hate

9:03
social security no you of course you

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don't which means you don't hate

9:07
immediate annuities

9:08
now where where financial journalists

9:11
get caught up and some of the

9:12
some of the people that are against them

9:15
for their own agendas

9:17
it's all about opportunity costs when

9:18
you when you put your money into an

9:20
immediate annuity you're giving

9:22
up some opportunity and market

9:23
opportunity you have to be fine with

9:24
that but that also leads to

9:27
me and you having a conversation about

9:29
allocation in proportion

9:31
and that's you know that's a big deal

9:33
immediate annuities primarily solve for

9:35
longevity risk and what that means is

9:36
outliving your money it's a very

9:38
fancy way the journalists like to talk

9:39
about outliving your money

9:41
so you know remember it's will do not

9:44
mind do you buy an annuity for what will

9:45
do not what it might do and the will do

9:47
for an immediate annuity is the

9:48
contractual guarantee

9:50
and when you get that policy and you

9:52
look at that number

9:54
this is what i'm gonna get paid a month

9:55
or if you decide to get it quarterly or

9:57
semi-annual or annually you can do any

9:59
remember it's customizable

10:01
that number's not going to change unless

10:04
you attach a colon we talked about that

10:06
that's just going to lower the payment

10:08
so nuts and bolts like how's that how's

10:10
the sausage made with

10:12
with an immediate annuity bottom line is

10:14
an immediate annuity payment is a

10:16
combination

10:17
of return or principle plus interest yes

10:20
i said that return of principal

10:22
plus interest so there's a lot of people

10:24
out there trying to sell these things

10:26
and they'll attach a percentage

10:28
you're going to get a seven percent

10:29
payout on an immediate annuity i think

10:31
that's misleading because

10:32
people instinctively attach that to a

10:35
bond payout or cd payout or fixed rate

10:38
annuity payout no

10:39
the seven percent is a combination of

10:41
return on principal plus interest so i

10:43
think that's very very misleading

10:45
especially in the low interest rate

10:46
environment where people are

10:48
are yearning for something higher right

10:51
so when you see that well

10:52
say i'm getting paid out seven percent

10:55
on this immediate annuity

10:57
that's really a reflection of your life

10:59
expectancy because at the end of the day

11:02
the primary pricing mechanism on

11:04
immediate annuities is your life

11:05
expectancy

11:06
not interest rates interest rates play a

11:08
secondary role but they don't drive the

11:10
train

11:11
they're not the primary train driver so

11:13
people say i'm trying to time interest

11:14
rates well you're an idiot

11:16
no you're not actually you're a nice

11:17
person but you're you're misled

11:20
because in the world that we live in

11:21
from financial journalism financial tv

11:24
you know they're always talking about

11:25
interest rates but with annuities and

11:26
lifetime income stream it's about your

11:28
life expectancy when the payment starts

11:31
and that's how

11:32
the annuity companies base the payment

11:34
so

11:35
people always say well stan if i wait

11:37
two more years

11:38
to get my immediate annuity will the

11:40
payments be hired yes because you're

11:41
going to be older and your life

11:43
expectancy is going to be less which

11:44
means they're

11:45
predicting less payments it's really

11:47
that simple now

11:49
with interest rates and we talk about

11:51
that what's the bogey what do you need

11:52
to watch it's really the 10-year

11:54
treasury

11:55
but the 10-year treasury united states

11:57
senior treasury

11:58
percentage that note really needs to

12:01
significantly move

12:03
to move the needle it's really about

12:05
life expectancy

12:06
what you really need to watch out for is

12:09
annuity companies

12:10
moving the life expectancy tables

12:12
meaning

12:13
predicting you're going to live longer

12:14
if they do that there's going to be more

12:15
payments which means that

12:17
the payments will be less so it's really

12:20
a true commodity product there's

12:23
you know fifty hundred i don't know i

12:25
represent a mom we quote

12:26
an immediate annuity we quote everybody

12:28
on the planet i have no idea who's gonna

12:30
finish first i have no idea

12:32
anything all i know is the quote only

12:34
lasts seven to ten days like a gallon of

12:36
milk and then we have to re-quote it

12:37
unless you lock it in and start the

12:38
paperwork

12:39
but single premium immediate annuities

12:42
are commodity products you have you have

12:43
to

12:44
quote all carriers you know i have a

12:47
system

12:48
standingannuityman.com or the

12:50
annuityman.com that

12:52
helps filter all of that out we have we

12:55
have a system where i can punch in your

12:57
information

12:58
and then find out through all the

13:00
carriers across the country

13:01
the the top contractual guarantee now

13:04
from there

13:05
then we have a conversation about claims

13:06
paying ability ratings conduct scores

13:08
etc

13:09
but it's remember will do not might do

13:11
buy for the contractual guarantee so

13:13
buying an immediate annuity is similar

13:14
to buying a plane ticket okay

13:17
you punch in the number and let's see

13:18
who has the best contractual guarantee

13:22
don't try to time rates i mean that's

13:23
the biggest thing i can tell people

13:25
and i know there's people out there

13:26
going well you're just you're just

13:28
selling no i'm not

13:29
selling okay this is reality

13:32
you just can't time it and if you wait

13:35
let's just say

13:35
well stan i'm going to wait for a year

13:38
well

13:38
if you wait for a year then to buy the

13:40
immediate annuity

13:42
then you rationally have to factor in

13:44
the year's worth of payments that you

13:45
missed if you didn't buy it today that's

13:47
not a sales pitch

13:48
that's just reality and immediate

13:50
annuities and annuities in general

13:52
it's all about math what's the math does

13:54
the math

13:55
work for you and i tell people all the

13:57
time if you don't need income right now

13:58
don't buy an immediate annuity you can

14:00
always

14:00
keep your money in the market and at the

14:02
time you need income

14:04
then you you know you buy an immediate

14:06
annuity

14:07
so you can do this a couple ways you can

14:09
say hey stan you you know here's x

14:11
amount of money

14:12
here's a lump sum how much would that

14:13
pay or

14:15
in we'll quote that or you can reverse

14:16
engineer it you can say hey stan

14:18
my wife and i need two thousand five

14:20
hundred and seventy five dollars a month

14:22
to fill in an income gap as part of our

14:24
income floor

14:25
how much premium how much money would

14:27
take to create that so we can reverse

14:28
engineer the quote

14:30
either way so like i said before you can

14:33
customize it you can do life only

14:35
you can do life with a period certain

14:36
life only is you know when your legit

14:38
hits the mountain money goes poof life

14:40
with period certain is

14:41
it's going to pay you for life but if

14:44
you die

14:44
within that period certain then in other

14:46
words if it's life intent

14:48
it's going to pay you for life or goals

14:50
how long you live but if you die in year

14:51
two you get eight more years of payment

14:52
somebody in your family

14:54
or you can do what's called life with

14:56
installment refund or life with cash

14:57
refund which means

14:58
that they figure out the period certain

15:01
to the

15:02
to the day of your life expectancy so

15:04
it's still a lifetime income guarantee

15:06
but 100 of your money will go back to

15:09
the beneficiaries either in payment form

15:11
or lump sum payment forms installment

15:13
refund

15:14
a lump sum is cash refund i like to use

15:17
immediate annuities as income

15:18
gap fillers so you know as part of your

15:21
income floor

15:22
your pension your social security

15:23
whatever other income things you have

15:26
you know let's fill in that gap and you

15:29
can do that a myriad of ways you can you

15:30
can do that with reverse engineering you

15:32
can ladder

15:33
you can do all kinds of things you know

15:36
to fill in that income gap

15:38
so the other thing too from the

15:40
standpoint of predator and creditor

15:42
protection

15:43
you know annuities in general pass that

15:44
side of probate but in a lot of states

15:46
you know the the ambulance chasing

15:48
people that run into you with the car

15:49
and try to see

15:50
they can't get to it which is kind of

15:52
cool obviously don't buy it for that but

15:54
it's one of those

15:54
added benefits that you need to know

15:57
about

15:58
the immediate annuity has a cousin

16:00
product called a deferred income annuity

16:01
which we'll talk about in another

16:02
podcast

16:04
but it's the same structure the only

16:06
difference is once you defer past 13

16:08
months

16:09
once you defer for the income from

16:11
starting

16:12
13 months then it turns into a deferred

16:14
income annuity and not a meeting

16:16
it's in essence the same thing so one of

16:19
the other things i want to talk about

16:20
quickly is what's called the exclusion

16:23
ratio and i know i'm throwing a lot at

16:24
you and that's the reason you need

16:25
to to contact me and get the book

16:27
because then you can read it on your own

16:28
terms and then re-listen to the podcast

16:30
but in exclusion ratio when i talked

16:32
about getting your money back with

16:34
interest

16:35
you know return of principal plus

16:37
interest is the payout structure

16:39
in a non-ira setting and you can use an

16:41
immediate annuity inside of an ira or

16:43
outside of an ra

16:45
but in a non-ira setting you're not

16:47
going to pay taxes on the return of

16:48
principal

16:49
you'll pay taxes on the interest so part

16:51
of that

16:52
income stream is excluded ie exclusion

16:54
ratio from taxes

16:56
so that's also something you need to

16:59
remember

17:00
now with an exclusion ratio until you

17:02
run out of money in other words until

17:04
until the run out of money meaning your

17:06
account's at zero the the company's

17:08
still on the hook to pay you for the

17:09
rest of your life

17:10
up until your account goes to zero and

17:13
you're living forever

17:14
it's an exclusion ratio of return of

17:17
principle plus interest you're only

17:18
paying

17:18
taxes on the interest once it goes to

17:20
zero then all of that income stream is

17:22
taxable even though you're still getting

17:24
the lifetime income payment people

17:26
always say hey you know the count is

17:28
zero but i'm still getting a lifetime

17:29
income stream

17:30
absolutely that's the transfer risk

17:31
that's the benefit proposition i have

17:33
hundreds and hundreds and hundreds and

17:34
hundreds of clients

17:36
that have outlived their life expectancy

17:38
are still getting

17:39
that monthly income stream and you know

17:42
that

17:43
goes back to what's my roi i don't know

17:45
what the return on investment is until

17:47
you die

17:48
one thing that we use to look at the and

17:50
it's on it's on my site the

17:51
annuityman.com is you can pull up what's

17:53
called condex rankings which is

17:55
a compilation of the four primary rating

17:57
services which am best moody's standard

17:59
poor's and fitch you can look at those

18:01
ratings and then look at the conduct

18:03
score which is a compilation of those

18:04
four rating services

18:06
in an easy to understand one to a

18:08
hundred score

18:09
most of the people that are players most

18:11
of the carriers that are players

18:13
in the immediate annuity world

18:16
are big big companies the names that you

18:18
are

18:19
familiar with and i i certainly

18:21
represent you know all of those

18:24
let's see a couple more things i want to

18:25
cover and there's a lot right i mean

18:27
you're saying man you're killing me

18:29
staying with all this information that's

18:30
the reason you need the book and

18:32
you know my my blogs and all that stuff

18:34
will cover and

18:35
and we can also have these type of

18:36
conversations you can schedule call with

18:38
me and i can go over

18:39
everything with you but with any annuity

18:42
one of the best

18:42
things i think about the annuity

18:44
industry has done is what's called a

18:45
free look

18:46
provision i don't care what type you buy

18:50
you have the opportunity to get your

18:51
money back even after the policy

18:53
has been issued to you so understand

18:56
that that's that's a really good deal

18:57
you can test drive it get the policy

19:00
read the policy things might have

19:01
changed in your life you can get your

19:02
money back there's a

19:03
time frame that you can do that but

19:04
typically it's around 10 to 20 days

19:06
after you get depending on the state

19:09
10 to 20 days after you receive the

19:11
policy remember

19:12
fixed annuities are regularly at the

19:13
state level so every state has

19:15
there's a different rule but you have to

19:18
know that

19:19
also two if you're a youngster if uh

19:21
you're

19:22
less than 59 and a half years old you

19:25
can circumvent those irs penalties for

19:27
you know the 10 penalty getting your

19:29
money out through the rule of 72t

19:31
using an immediate annuity which is kind

19:34
of cool if you're young and you need

19:35
lifetime income stream we can structure

19:37
it so we can circumvent that

19:39
those are kind of the main points that i

19:42
wanted to go over

19:44
concerning immediate annuities you know

19:46
i do encourage you to

19:48
to contact me if you want to get a quote

19:50
you can go to my site and just punch in

19:52
there's a place there called get a quote

19:54
right at the annuityman.com

19:57
and you can get a quote you can get the

19:58
spea owners manuals etc

20:00
but let's let's close with a couple of

20:01
frequently asked questions just some of

20:03
the main ones

20:04
and i'm actually flipping through the

20:05
book which is uh the reason you need to

20:07
get it right

20:08
does the annuity come to keep the money

20:09
when i die with aspia

20:11
no you know remember we talked about

20:12
that you can structure so that

20:14
100 of the money goes to your

20:16
beneficiaries even though you're getting

20:18
a lifetime guarantee people always ask

20:20
me how does an immediate annuity company

20:21
make money

20:22
on annuities i mean you're giving them

20:24
their money they're giving it to you

20:25
back

20:26
in a either period certain or a lifetime

20:28
income stream based on your life

20:29
expectancy and they're holding on to the

20:30
money and they're making money off of

20:32
that

20:32
nothing risky they're handcuffed by

20:34
regulations they're not doing anything

20:35
crazy

20:36
but they can buy paper that we can't in

20:38
essence they they can do things

20:40
institutionally we cannot as individuals

20:42
out here

20:43
to make up for that money and the reason

20:45
that life insurance companies have the

20:46
big buildings is they know when we're

20:48
going to die

20:48
and property and casualty companies are

20:51
always coming and going is they don't

20:52
know when the hurricane's going to hit

20:53
right so is there a perfect age to buy

20:56
speed no

20:56
it's when you need income is when you

20:58
need to transfer risk

20:59
you might not ever need income i always

21:01
ask people call me i think i need an

21:03
immediate annuity and i say well do you

21:04
need income no well then you don't need

21:06
an immediate annuity how about that

21:08
remember the two questions what do i

21:09
want the money to contractually do this

21:11
is when you want to buy any type of

21:12
annuity ask these two questions

21:14
what i want the money to contractually

21:16
do and when do i want those contractual

21:18
guarantees to start from those two

21:20
answers

21:21
i can give you the type of annuity you

21:23
need so

21:24
if you answer that question hey stand on

21:26
your lifetime income stream to start i

21:28
don't know between now and a year

21:30
that's an immediate annuity right those

21:32
are those are the answers to the two

21:33
questions

21:33
remember you can use it inside of an ira

21:36
outside of an ira and you

21:37
even buy an immediate annuity inside of

21:39
a roth ira so what happens then

21:41
if you buy it inside of a roth ira then

21:44
100 of that

21:45
income stream is not taxable so you can

21:48
do that as well

21:49
people ask how's the media annuity

21:51
affect my required minimum distributions

21:53
let's just take an example if you have a

21:54
500 000 ira and you bought a hundred

21:56
thousand dollar immediate annuity

21:58
then the hundred thousand dollar

21:59
immediate annuity income stream would

22:01
cover the rmds for that hundred thousand

22:03
dollar immediate annuity

22:04
then you'd have to take rmds off the the

22:07
other four hundred thousand

22:08
if that makes sense so you can't use the

22:11
income

22:12
stream from the immediate annuity as

22:14
overage to apply to the non-annuity

22:16
assets

22:17
if that makes sense people say what's

22:20
the best of me to do

22:21
out there what company do you like going

22:22
back to it you buy an immediate annuity

22:24
like you buy a plane ticket you quote

22:26
all carriers

22:27
there's some great carriers out there

22:28
but that doesn't mean they finish first

22:30
all the time sometimes they do

22:32
and sometimes they don't so with that i

22:34
mean there's a lot more that i could go

22:36
into

22:37
but i think we've covered a lot it's

22:39
been a fire pose of information

22:41
once again i do encourage you to ask for

22:44
or go to my website

22:46
the annuityman.com and sign up to get

22:48
the spea owners manual

22:49
shipped to you for free no obligation

22:50
nobody's going to call you no one's

22:52
going to hassle you you

22:54
also can go to my site and get a free

22:55
immediate annuity quote

22:57
and we'll send you three versions we'll

22:58
send you within that one email we'll

23:00
send you life only

23:02
life with installment refund and life

23:04
with 20 years certain to show you how

23:05
they price all of those

23:08
again no obligation no one's going to

23:09
call you and bug you and show up at your

23:11
doorstep

23:12
so with that being said i really

23:14
appreciate you tuning

23:16
into this and and keep tuning in to the

23:18
annuity man podcast because i'm going to

23:19
go deeper and deeper

23:21
as i go over the products then we'll

23:23
start going into deeper strategies

23:25
this is stan the annuity man thanks for

23:27
listening to fun with annuities

23:29
see you next time thanks for listening

23:32
to fun

23:33
with annuities please hit the subscribe

23:35
button and make sure to go to my site

23:37
at the annuityman.com where you can run

23:40
your own spea dia

23:41
and culat quotes and see a live feed of

23:44
the best

23:44
maga fix rates in the country and even

23:47
get

23:48
indexed and income writer quotes as well

23:50
you can also

23:51
sign up for my six annuity owner's

23:53
manual books and i'll ship them for free

23:56
and under no obligation i also encourage

23:59
you to schedule a one-on-one call with

24:01
me

24:01
stan the annuity man so we can have a

24:03
full discussion

24:05
of your specific situation it will be

24:07
the best

24:08
brutally factual and truthful advice you

24:11
will ever get and that's one guarantee

24:13
you should definitely take advantage of

24:15
so join me next time for the number one

24:17
annuity podcast

24:18
on the planet fun with annuities

24:34
you