Annuity vs Investment: Annuity Suitability

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Hi there, Stan the Annuity Man, America's annuity agent, licensed in all 50 states. We're going

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to talk about annuities versus investments and if that even makes sense to even compare them.

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The only person on the planet that could pull that off is Annuity Man. So behind the camera,

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I have some big brains, some IQs. Okay. So they're saying, "Stan the Annuity Man, America's annuity

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agent, licensed in all 50 states." You have to say that to even speak with me. And they said,

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"You're wearing Adidas all the time and now we're seeing, you know, Nike." They're

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all after me. Okay. And the basketball thing is because I played a little basketball in college,

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if you don't know that. But just remember one thing. I am the number one agent, independent

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agent in the country. If you don't believe that, read the back of my shirt. We'll be right back.

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So, you're saying to yourself, "Stan the Annuity Man, America's annuity agent,

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licensed in all 50 states, do you have unlimited Stan gear?" And the answer is yes, I actually do.

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And if you're a client, you can get one of these tees. Last time I did that on a video,

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I got like 6,000 emails. Stantheannuityman.com. People that weren't clients like, "Please,

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please, please, please send me a hat." I don't know. Shoot me an email. Give

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me your story. Make a wish. I can do that. Is make the annuity hat wish.

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Let's talk about annuities versus investments, which is why we're here. First of all,

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annuities aren't investments. Annuities are contracts. They're transfer risk contracts.

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You're transferring the risk to the life insurance company that issues the annuity to primarily

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solve for principal protection, lifetime income. That's the two major things. There's also some for

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legacy and long-term care. The acronym is PILL. But the point is annuities are contracts.

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Now, you're saying, "Wait a minute, Stan. I'm investing my money with the life

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insurance company." Now, I say that country thing because I'm from North Carolina and

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that's how my Uncle Fred talked at the, you know, when we got together for the potlucks,

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which, by the way, I miss that. That was good eating. We can't do that anymore.

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So, investments are the non-annuities. Investments can go up and down. They can fluctuate. They can

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go straight up or they can go straight down. Annuities, there's many types. So, don't say,

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"I hate all annuity." Let me tell you something, Stan. I hate them. Okay, great. Then call Social

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Security and cancel your monthly payment because that's an annuity, okay? So, don't even say that.

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But annuities are contracts. So, when we're talking about annuities versus investments,

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the problem with the annuity industry, in my opinion, as the top agent in the country,

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is that too many agents are selling annuities as investments. "Well,

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you can get market upside. You can get this and you can get this and this and upfront

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bonus." Gibbage. That's French for garbage. Garbage. Nonsense. Pie in the sky. Nonsense.

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The PILL acronym, principal protection, income for life, legacy, long-term care. There's

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no G for growth. There's no S for stock market. There's no B for Bitcoin. I mean,

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there's no E for ETF. There's no M for mutual fund. Go over to that investment side and have

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at it. Knock the cover off the ball. Hope you have a great adviser. I hope you're doing it

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yourself and you're a great adviser to yourself. But never, ever, ever buy annuities for potential

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hypothetical theoretical back-tested unicorns chasing the butterfly returns that never happen.

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If you want to get down and dirty with that and talk to me, you can. Or you can go to my

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site and download the owner's manuals where I explain it. Or you can deep dive into this

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YouTube channel and watch thousands of Stan the Annuity Man video takes. They're not

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product-driven. They're not sales-driven. They're informational and edutainment.

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But annuities versus investments. Contracts versus investments. Contracts versus

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volatility. No volatility, volatility. Never buy annuities hoping that it's this

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because it never works. And that's coming from someone who worked for Dean Witter,

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PaineWebber, UBS, Morgan Stanley, okay? Been there, done that,

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player. Been at a very, very high level there. So I know what I'm talking about.

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In fact, when I left the high marble buildings of the Morgan Stanley building and I decided to

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become the mythical creature Stan the Annuity Man, I was shocked and appalled because people

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were going, "Annuities are investments. They can get market returns." I'm like,

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what are you talking about? I mean, I felt like I was in one of those movies like,

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what in the world are you talking about? I had been where real market returns happened and then

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now I'm in the annuity contractually guaranteed space of which life insurance companies issue

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contracts between you and the company, and so we buy it on the contractual guarantee basis.

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And then now I'm out here and people go, "No, no, no. You can have your cake and eat it too,

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Stan." No, you can't. If it sounds too good to be true, it is every single time. So, if someone's

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trying to sell you a contract and hybrid it over here to an investment, they are full of crap.

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It's like George Costanza said on Seinfeld, "Jerry, just remember,

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it's not a lie if you believe it." I guess that's their strategy. I guess if you repeat it enough,

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you go, "Well, yeah, you know, you can get market upline with no downline and you can

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get upfront bonus and you can get all the..." Come on, man. We're talking about people's retirement.

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In the golf world, they call them mulligans. You get a shot,

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you get to do the shot over when you hit it into the drink. There's no mulligans in chapter

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2. There's no mulligans in retirement. There's no mulligans here. You cannot make a mistake.

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You cannot buy the dream. You have to own the contractual realities. If you want the dream,

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then go do the dream. But that doesn't involve annuities at all, ever.

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But if you want contractual guarantees, that's where annuities, many types, come into play.

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You're transferring the risk to solve for something. You're absorbing the risk to get

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returns. You can't have both, even though agents will try to sell it that way, and they know I'm

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right. And if you're one of those agents watching this, stop. Please stop. Or hire a lawyer. One of

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the two. Because you cannot promise market returns and they never happen, okay? You just can't.

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So, let's go back. Annuities, investments. Apples, oranges. Contracts, absorb the risk. No risk,

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absorb the risk. Transfer of the risk, absorb the risk. Are we clear?

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Do me a favor. Hit the subscribe button. Why? It's because the guy behind the camera goes,

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"Tell them to hit the subscribe button." But you know what? You can or you can't. I don't

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care. What I'd rather you do is go to my site and learn and instead hit subscribe.

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I'm not competing with Mr. Beast out there. I'm Mr. Annuity Beast.

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Do me one favor. Up above me is a link that talks about the Annuity Man and

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why I believe you should at least consider us for that non-risk side,

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that non-investment side of your portfolio that you need. We all need that. Consider

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us. It's a good video. It's actually a tad emotional. We tell the truth. I tell the

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truth about myself in that video. You're going to hear things about me. I mean, you be like,

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"Really? Wow." Listen, man. It's part of life, right? It's part of the journey. It's

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the reason I'm here and it's the reason you're watching. Just close the loop and watch that.

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My name is Stan the Annuity Man. See you next time.