Annuity Definition: Explained in Plain English

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So, Stan the Annuity Man, America's

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annuity agent, licensed in all 50 states

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in Puerto Rico. What's the annuity?

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What's it what's the definition of an

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annuity in plain English? Not not

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Spanglish, Stanglish, Turkish. What?

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What's Turkish? I don't know. Um, plain

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English. Give it to us, Stan. We're

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we're hearing all about these annuities.

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Barren ran this article recently. Of

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course, I was in it and quoted, but

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talking about annuities and it was okay.

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They should have me write it, of course.

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But let's go through the definition of

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what an annuity is and what an more

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importantly what an annuity is not after

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this.

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All right. The genesis of annuities

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start in the Roman times. Back then, the

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dutiful Roman soldiers and their

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families were given pensions by the

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empire for their dutiful service to I

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guess the king or the emperor, whoever

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the heck that was. And they called them

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they called them annuals. They called

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them payments. That's where the annuity

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word comes from. And in this country,

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single premium immediate annuities,

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which is the closest version of that

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pension for the Roman soldiers. That

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product's been sold in this country for

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over 200 years. It's a pension.

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Okay. So, most people though think that

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the the the definition of annuities in

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plain English is it's it's just an

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income stream. When you die, annuity

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company keeps the money. No. Um we can

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structure it and most people structure

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lifetime income through us so that 100%

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of any unused money goes to the list of

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beneficiaries of the policy and the

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annuity company doesn't keep a penny.

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The plain English version, the stanglish

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version of an annuity is life insurance

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companies issue annuities.

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Again, life insurance companies issue

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annuities and then the annuities are

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contracts which are called policies. We

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only look at the contractual guarantees

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of the policy. You own an annuity for

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what it will do, not what it might do.

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and easy to understand English.

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Annuities solve for four things

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contractually. The acronym is pill. P

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stands for principal protection. I

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stands for income for life. L stands for

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legacy. And the other L stands for

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long-term care. And you ask two

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questions to determine whether you need

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an annuity or not, or more importantly,

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whether one fits. What do you want the

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money to contractually do? And when do

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you want those contractual guarantees to

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start? Key word contractual.

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Never buy an annuity for growth. Never

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buy an annuity for growth. I'm the only

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one out here saying that and I am right.

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I still can't believe the annuity

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industry is fixated on the growth story

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when we have a monopoly on the lifetime

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income story. I mean, that's the easy to

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understand English version of the value

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proposition. Lifetime income is the is

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the monopoly. Pension payments, payments

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that you can never outlive, just like

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social security, the best inflation

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annuity on the planet. But no, the

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industry focuses on non-G guaranteed

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growth numbers, upfront bonus nonsense,

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high commission garbage. There are

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annuities that work just like CDs.

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They're called multi-year guarantee

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annuities. Guaranteed interest rate for

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a specific period of time. No moving

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parts, no market attachment, no annual

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fees, and you can get them in durations

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of 1, two, three, four, five, six,

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seven, eight, nine, and 10 years. Your

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call

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and lock in those guarantees. the

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annuity category somehow has become

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hated. I get it uh because of the way

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they're sold and and and highressured.

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And there's a bunch of bad actors in the

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annuity business. There's a bunch of bad

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actors in every business, but for

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whatever reason, the annuity industry is

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is attracting those people that only

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sell one product and that one product is

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a high commission product and it's a

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one-sizefits-all.

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In plain English, that's wrong. That

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should be cleaned up and that's what I'm

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trying to clean up out here. Annuit's in

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plain English and easy to understand.

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They're commodity products. You shop all

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carriers for the highest contractual

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guarantee. Our site shops all carriers.

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We don't care about the name. We don't

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care about the brochure. We don't care

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about their logo. We don't go on any

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incentive trips. We don't accept any

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gifts. I told someone other day somebody

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called the other day one of the the the

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firms, you know, we we represent

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everybody and of course the CE call CEO

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calls and he goes, "Are you coming on

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this trip?" I'm like, "Dude, I don't do

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trips." Well, I'd really like for you to

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be there. I think it'd be good for the

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other agents. I said, I don't give a

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crap who you think it'd be good for. I'm

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not going. Last thing I want to do is

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spend time with agents. We don't we

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don't accept those gifts. I'll buy my

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own trip. We have the largest staff in

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the business and they're all licensed

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and none of them are on commission.

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We're not hammers looking for nails.

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We're trying to educate you.

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Easy to understand English with

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annuities. You can go to my site at the

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annuity man and run quotes SPIA diama

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QAC income writers and not put in your

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information.

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We don't need your email. We don't want

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your email. We don't we need your phone

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number. We don't want your phone number.

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Just put in your date of birth, your

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state of residence, and what you're

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trying to achieve, and we'll show you

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the quote. I'm not trying to build a

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database. I'm trying to change the

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industry. And when you want to change

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the industry, you give it away.

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You give it away so the person doesn't

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feel like they're being trapped into

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some sales pitch. You're not. We want

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you as a client. Don't be confused. I

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want you as a client because I want to

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make sure you're making a good decision.

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And you can email me

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stantheanuityman.com or you can go to my

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site and hit book a call.

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I'll call right on the dot. That's when

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we do. I have to ask for your phone

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number then because I got I got to call

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you.

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But the annuity definition in plain

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English means that you have to

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understand it and be able to explain it

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to your spouse and loved ones and a

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second grader. I always say if you can't

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explain it to a nine-year-old, no

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offense to nine-year-olds, you shouldn't

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buy it. Most annuitities that are

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offered out there by us, most people

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just sell the high commission stuff,

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SPSDs, QAX, income writers, they're so

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simple, migas, so simple. I literally

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could go to any elementary school in the

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country and explain it in a in a open

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auditorium and they'd all understand

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those products. It's the growth products

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that get funky. It's the growth

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products, the high commission products

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that get

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complicated for no reason, and you

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shouldn't buy them anyway. You should

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buy contractual guarantees.

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If you want deeper definitions and

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deeper um explanations, go to my site

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and download my six owners manuals on

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MAS, DSPs, QAX, index annuities, and

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income writers. I even wrote one on

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index annuities so you wouldn't make the

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mistake. We use them as a delivery

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system for income writers.

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Well, we don't sell the dream because

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you're going to own the contractual

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realities.

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If you want deeper definitions, go to my

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um YouTube channel and type in the space

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bar where the little magnifying glass

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is. Type in what you want to learn about

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my index annuities, income writers,

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retirement annuities for families,

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whatever. I I've done the videos. I do

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one a day. I'm going to do one a day for

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infinity. So, we have this the website

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to support you defining and

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understanding how annuities work, how

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you should look at them, and how you

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should purchase them. Hopefully through

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us, hopefully talking to me. One last

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thing above my head, uh, spending clock,

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I did a video on,

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attention all annuity haters, you

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already own an annuity because I get a

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lot of people, I'd never buy an annuity.

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I'm like, well then call Social

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Security, shut your payments off. Well,

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that's different. No, no, actually it's

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not. Well, call, you know, call your

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the, you know, you're in the military,

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right? Yeah. Well, call them and tell

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them to shell off your pension. Well,

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that's different. No, it's not. Don't be

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a hypocrite. Have fun with that video

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and send it to your annuity hating

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friends on my behalf. All right. Hey,

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don't be afraid to get in touch with

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with me. Seriously, all you're going to

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get from me is the truth. That's it.

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That's it. Truth and facts, good and

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bad, limitations and benefits. You're

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going to get it all. But you're going to

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get it all on your terms and your time

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frame so you can make a good decision.

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All right, my name is Stan the Annuity

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Man. One last question.

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Got guarantees.

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See you next time.