Annuity Quotes

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Hi there, Stan The Annuity Man, America's annuity agent, licensed in all 50 states and Puerto Rico,

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founder of CGO, Contractual Guarantees Only. We only look at

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what a policy will do, not what a policy might do. So, contractual guarantees only.

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Today's topic is a good one: annuity quotes.

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You're saying, "Stan, I want to see quotes. I want to see them all. I want to see the best."

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We're going to show you how to do that after this.

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Okay, so annuity quotes. You can go to my site, theannuityman.com, and you can run quotes on

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SPIAs, DIAs, QLACs, Income Riders. You can see the best MYGA, fixed-rate annuity.

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We do not show indexed annuity quotes because that's like showing paintings to blind people.

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No offense to blind people. It's just garbage because it's so nebulous. It's complicated.

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If you want to go over indexed annuities, or actually read a book that I've written

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on indexed annuities, you can go to my site at theannuityman.com

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and download that book on indexed annuities. If you want to, you can

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schedule a call with me. You can send me an email at [email protected], and we can discuss it.

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But everything else, you can get a quote.

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Now, we use indexed annuities for the delivery of income riders if you need income in the future,

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but we don't discuss the indexed annuity. It's nothing more than

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a delivery system for the contractually guaranteed income rider.

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And remember what we do: contractual guarantees only. You own an annuity for what it will do,

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not what it might do. And the "will do" is the income rider guarantees that are attached.

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Alright? So annuity quotes.

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One thing I'm going to talk about is there's not one annuity that's better than the other.

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I did a video recently. I guess you can type it into the search bar: "Annuities Are Commodities."

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It's just talking about how there's not one that's better than the other.

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You quote all carriers for the highest contractual guarantee. If it's

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lifetime income, it's A+ or better, and then the highest number. It's really that

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simple. I don't care what the name of the company is. I don't care about the

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brochure. I don't care about any of that nonsense. It's A+ or better and the number.

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I mean, it's that simple every single time.

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So, when you're getting annuity quotes, let's take MYGAs for an example.

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Multi-Year Guaranteed Annuities are the annuity industry's version of a CD.

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If you go to my site, you can pull up your state because everything is filtered at the state level

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and issued at the state level. Select your state and the duration you're looking at.

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The durations typically are 1-, 2-, 3-, 4-, 5-, 6-, 7-, 8-, 9-, and 10-year guarantees.

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Those interest rates are guaranteed for the term that you choose.

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They change pretty quickly and fluidly. If you go to my site, you'll see what's

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current for today. We list them from top to bottom, top guaranteed interest rate on down.

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You'll see the interest rates with MYGAs because we're dating the company, not marrying them. Like

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lifetime income, I might do a little bit less than an A+, but it's on a case-by-case basis.

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So you'd have to schedule a call and speak with me about what we're currently offering.

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But I show everything on our site with quotes. I'm not picking and choosing. I'm showing everything.

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That doesn't mean I'm recommending everything. That's very important.

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I personally look under the hood financially of all these companies. I'm looking at,

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if it's a MYGA, can they back up the claim for that specific duration? A+ or better

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for lifetime income. Can they back up the claim? Absolutely. A+ or better. No exceptions on that.

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Annuity quotes change like a gallon of milk. Every 7 to 10 days, quotes change. So,

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you can lock them in. We can lock those quotes in for you if you want to make a decision.

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If you see a quote that you like or if you want to move forward, we're going to lock in that quote.

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But they change.

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They change because, on lifetime income, for example,

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annuity companies are looking for specific age ranges.

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Let me give you a correlation. When you build a portfolio stock-wise,

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you have small-cap, large-cap, mid-cap, international, value, whatever,

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and you have specific allocations in those.

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With life insurance companies issuing lifetime income annuities, they're looking at age ranges.

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So think of yourself, if it's joint, you and your spouse, in a football stadium full

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of people your age and your spouse's age. You're sharing the risk. You're pooling the risk, etc.

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Now, if that stadium is full, then the annuity company

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is going to lower their guarantee to avoid attracting you.

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But the reason we quote all carriers is someone's always wanting your age range.

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So, because it's a commodity, we're going to quote all of those carriers because

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they're going to have an aggressive quote contractually to attract your business.

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So don't go into a quote saying,

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"You know, I really like XYZ Company and their logo. I really like that. That's cool.

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They got this fish. It jumps out of the water. Love that. Love that commercial."

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You don't buy annuities like that.

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You buy them for the highest contractual guarantee, A+ or better on lifetime income.

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And then with MYGAs, we go on a case-by-case basis.

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The key, though, with quotes is there's a lot of competitor sites that do quotes on

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non-guaranteed products. I don't get it. I don't get it.

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How do you show that?

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We don't do that because we only show what a contract will do, not what it might do.

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The "might do" is fluffy nonsense. It's crap.

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It's sales-agent crap. It's what's wrong with this business. It's why people sometimes get

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a bad feeling about annuities and annuity salespeople. They're talking about dreams and

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upfront bonuses and what it could do and what it should do and what it can do and what it has done.

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Who cares?

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It's all about what it will do.

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So, you should totally ignore any type of quotes

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that show hypotheticals because that's crazy. That's crazy.

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That's like putting together a workout plan to lift every day,

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and then you get to day seven and figure out you haven't lifted the past six.

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It's nonsense. Okay.

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Annuities are contracts. Annuities are transfer-risk products. Annuity quotes reflect the

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highest contractually guaranteed transfer-of-risk numbers for your specific situation.

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Also, be careful on the income rider quotes. Sometimes there will be companies out there that

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have what I call a teaser rate, meaning it looks really high, but at year 10 it lowers.

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One of the reasons you've got to speak with us is we're going to tell you that.

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We're going to tell you about the situations out there

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that kind of shouldn't be there. In my opinion, those products should not be there.

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I had an executive call me the other day, and he goes, "Well,

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Stan, let me tell you what that teaser rate is for."

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I know what it's for, player. Okay? I know what it's for.

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But what it's doing is confusing the public.

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We've made the decision to show it on a quote, and then if you say, "I really like that one," I'll

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go, "Well, if you live past year 10, it's going to go in half," or it's going to be decreased.

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What we're going to do, if you choose to work with us, and I hope you do, because there's no

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obligation, we're not going to chase you, it's not going to be some high-pressure thing,

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we're just going to tell you the truth about these products.

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Isn't that what you want?

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With annuity quotes, you might say, "Well, I thought I was getting the truth."

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With the vast majority of them, you are. SPIAs, DIAs, QLACs, MYGAs,

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I mean, those are rock solid, okay?

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But you can structure them a myriad of ways.

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A lot of people think that immediate annuity quotes are only life-only.

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"When I die, the annuity company keeps the money."

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No. There's numerous ways to structure it.

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We can structure it so that 100% of any unused money goes lump sum to the listed beneficiaries.

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We can structure it so that you can lovingly handcuff your beneficiaries

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and just have payments go to them until the money's gone.

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But we can structure the product so that the evil

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annuity company never keeps a penny under any circumstance.

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You get to customize that annuity quote.

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Annuity quotes, yes, they're commodity products. Annuity quotes

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can be manipulated, unfortunately, by others to show you different things.

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I'll give you an example: Single Premium Immediate Annuity quotes or Deferred Income Annuity quotes,

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which are immediate annuities that you defer, in essence.

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You might see a percentage.

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"Okay, I put this in an immediate annuity. I'm getting this percentage."

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That's misleading. Okay?

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That's not yield. That's actually a numerical reflection of your life expectancy.

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So, I had a guy come the other day and say,

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"Well, I'm looking for about a 7.8% return on my immediate annuity."

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What are you talking about, Fred? A 7.8% return? No.

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We're talking about the payout for the rest of your life.

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I don't know ROI until you die.

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But there's no yield. Don't think of that as a yield number.

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Yield or MYGAs, where you get a specific interest rate

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for a specific period of time that you can peel off.

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So, annuity quotes. You need to go into that quote answering two questions:

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What do you want the money to contractually do?

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When do you want those contractual guarantees to start?

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And also knowing that annuities solve for four things. The acronym is PILL:

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P, stands for principal protection.

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I, stands for income for life.

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L, stands for legacy.

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The other L, stands for long-term care.

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Don't go into a quote looking for market growth. Don't go into a quote

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looking for potential. Don't go into a quote looking for theoreticals or hypotheticals.

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Go into a quote looking for the contractual guarantees.

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Now, inflation, that's a whole other story.

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There's not an annuity on the planet that adjusts for inflation. You already

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own the best inflation annuity on the planet. That's Social Security.

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"Well, I want it to increase."

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Great. Then you're going to build a building for the annuity company

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because they're not going to give that away.

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Typically, it's a 7- to 9-year break-even point, depending on your age,

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to get back to the same level as the same annuity that didn't have the increase attached to it.

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There's no philanthropist at annuity companies.

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Don't go into a quote looking for bonuses.

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"What's the highest bonus?"

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You're the sucker at the table.

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If you're looking for the highest-bonus product out there,

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you are either the sucker at the table or an annuity agent.

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Because most annuity agents say, "Well, I'm going to look for the highest bonus

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and the highest commission, then I'm going to go sell it."

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Great.

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Means nothing.

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Annuity quotes are about the number. Annuity quotes are about the guarantee. Annuity quotes

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are about the transfer of risk. Annuity quotes are about quoting all carriers for the highest number.

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At the time of this taping, AI for the Annuity Man means Actual Individuals or Achieved Intelligence.

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You're going to have to talk to us, and you should talk to us so you don't make a mistake.

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Will AI eventually get there? Yeah. We're embracing it more than anybody.

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But at the end of the day, I make all the calls. I make all the recommendations.

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Go to my site, theannuityman.com. Download the books. Run quotes.

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You can run your annuity quotes there.

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Schedule a call with us. You might get me.

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One last thing. Above my head spinning is a video I did called Why People Still Hate Annuities.

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Yes, I went there. I had to go there. I needed to go there.

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You know, the annuity industry, in front of the biggest demographic tidal wave of all time,

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somehow is screwing it up. It's screwing up the message.

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The message should be contractual guarantees.

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But no. The annuity industry wants to talk about growth, potential growth, potential upside. That's crazy.

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That video there will explain a lot, and it's a fun one as well.

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Hey, my name is Stan The Annuity Man.

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See you next time.