Annuity Examples: A Beginner’s Guide to Annuities (TAM Classic)

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Hi there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states, even including the one that

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you're sitting in that you love so much.

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And you have the flag at in the front of

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your house, the state flag. You have

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that right. I don't I should though. I

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don't even know what the state flag of

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Florida is, but I spend time between

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Florida and Nevada, so you know, maybe I

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should have two flags. What What are we

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talking about today? I digress. Annuity

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examples of kind of a beginners's guide

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to annuities. There's so much

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misinformation, bad information, huers,

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sociopath, sales pitch, nonsense on

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annuities. It's time to get down to the

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basics. It's time to start talking about

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and build the foundation of kind of a

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let's let's take it from the beginners

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standpoint, an elementary look at

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annuities. And by the way, spoiler

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alert, everything we do here at the

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annuity man is simple. If you can't

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explain it to a nine-year-old, you

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shouldn't buy it. No offense to the

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nine-year-olds, but that's the way I

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look at annuities. They're simple

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transfer of risk products, but we're

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going to talk about them after

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[Music]

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this. So, let's let's start with a

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beginners's guide to annuities at the

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Roman times. Back in the Roman times,

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annuities were first introduced as

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pension payments for the dutiful Roman

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soldiers and their families for laying

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it on the line for the empire. That's

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where they came from. And annuities have

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been sold in this country, the United

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States of America for hundreds of years.

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Most of them hundreds of years ago were

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these lifetime income single premium

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immediate annuities. But when you talk

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about annuities, one of the thing that

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drives me crazy, good friend of mine,

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John Olsen, who's written so many books

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on annuities, and I was talking to him

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the other day, and he said something

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great. He said, "If anyone ever starts a

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sentence that says annuities are like

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just using the word annuities, annuities

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are everything past that is

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misinformation and possibly a lie.

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There's no truth on annuities are."

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That's like if I said restaurants

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are shoes are, in other words,

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restaurants are all bad. Restaurants are

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all expensive. Restaurants are all

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dangerous. That's crazy talk. But yet in

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the annuity world, annuities are bad.

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Annuities are all expensive. No one buys

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annuity. Whatever. Annuities are not

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worth it. Give me a break. You already

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own the best inflation annuity on the

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planet. All of you out there watching

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this, if you have a social security

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number, you own the best inflation

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annuity on the planet called social

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security. But there's many types. So

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from a beginner's look at this, there's

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many types of annuities. Now, I've come

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up with an acronym pill P I L that

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pretty much solves for what annuities

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solve for. P stands for principal

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protection. I stands for income for

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life. L stands for legacy, leaving money

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to your heirs when you die. and the

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other L stands for long-term care. P I

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L. If you don't need to

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contractually solve for one or more

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items in the pill, you do not need an

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annuity. Now, you're going, "Wait a

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minute. Wait a minute, Stan the Annuity

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Man, America's new age license in all 50

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states. I was at this bad chicken dinner

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seminar, but yet it was actually a

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expensive state dinner seminar." And

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that dude or dudet said agent said they

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have a an annuity for growth. They have

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a market growth

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annuity. They have annuity that will go

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up in value with the market and protect

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the downside. I need you to listen very

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clearly because this is the beginner's

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guide to annuities. If it sounds too

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good to be true, it is every single time

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with annuities. No exception. What what

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I just explained to you in a very bad

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sales pitch form that you're going to

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hear from a lot of people is an indexed

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annuity. It's a CD product introduced in

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1995 to create CD returns. But the but

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the hope and dream and the backtested

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numbers and the unicorns chasing the

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butterfly sales pitch is you can have

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your cake and eat it too. You

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cannot. In the world that I live in,

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which is the world that you need to live

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in when it comes to annuities and even

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thinking about annuities for your

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portfolio is you buy an annuity for what

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it will do, not what it might do.

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You buy for the contractual guarantees,

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not the hypothetical theoretical back

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chest back tested hopeful agent unicorn

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chasing the butterfly return scenario.

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So let's go through some primary types

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of annuities that are out there. So once

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again, you can't say annuities are

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because there's many types of annuities.

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I love when people call me out of call

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of the day goes, well I just want to

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talk about annuities and I'm like what

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type? Well, just annuities. What

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type? So one of the other things that I

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do is I ask two questions. What do you

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want the money to contractually do? And

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when do you want those contractual

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guarantees to start? Key word

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contractual, not hypothetical, not

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might, was if you owned it 10 years ago,

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all that stuff. So, going back to the

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pill, principal protection, income for

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life, legacy, and long-term care. So,

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let's do some principal protection

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products. That would be a multi-year

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guarantee annuity, MYGA, the annuity

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industry version of a CD. also fixed

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indexed annuities, annuity industry

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version of a CD as well. Principal

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protection products, they're fixed

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annuities. Okay. The I income for life.

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There are four primary primary annuity

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types, single premium immediate

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annuities, deferred income annuities,

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qualified longevity annuity contracts,

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and then income writers that are that

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are attached to some deferred annuities.

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All of those can be set up to pay for as

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long as you are breathing. Okay. The

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legacy products are deferred annuities

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where you can attach a rider. And let's

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talk about writers. Writer means it's

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writing on top of the policy and there's

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a guarantee for that that you're buying

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that rider for. You can buy a legacy

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rider, meaning that if you can't get

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life insurance, which is the best legacy

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product on the planet, you can attach

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guaranteed issue, a legacy death benefit

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rider to a to a deferred annuity. And

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then the last one, long-term care, um,

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is really a health insurance product,

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but there are annuities for long-term

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care. So, a beginner's guide to

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annuities. It's pretty basic. Now, what

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I've done to help with that is I've done

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a few videos. I don't know how many,

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six, 800, 700 after I lost count. But if

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you go to our Stand the Annuity Man

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YouTube page, you can hit the playlist

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and you can choose the annuity type that

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you want to learn about. There's tons of

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videos. Also, too, on our site, we have

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PDF downloads of six very good annuity

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owners manuals you get for free and

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under no obligation, and no one's going

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to call or show up at your doorstep. So,

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I'm here to educate. I'm here to

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edutain, but if you're kind of starting

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the process of learning about annuities,

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you have landed at the right spot. The

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annuity man, the top educator and the

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top seller of annuities on the planet.

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I'm here to educate you first because

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you're going to make your buying

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decision on your terms and on your time

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frame from us. We'll take care of

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everything from start to finish, but

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there's never an urgency to buy an

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annuity. The urgency is for you to get

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educated and understand what you are

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buying the contractual guarantees of the

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policy. So, it's a good start. Glad you

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joined us. Glad you watched the video.

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Go to my site at theanuityman.com to get

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started with all the free education that

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we provide. Hit the subscribe button and

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I'll see you next time on the Stan

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theanuity Man YouTube video channel.

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