Best Annuity Plan For Monthly Income

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

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The best annuity plan for monthly income. We're going to go over that. There are best plans,

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but I'm going to have to segment and splice and dice and give you factual tidbits so you

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can make sure you're making a good decision. By the way, on a side note, the logo Annuity Man,

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it's a little death metal. You'll love this. I hired a death

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metal logo person in England that does all the death metal bands. I said, I need an Annuity

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Man death metal thing. This is what I got. I'm not gonna tell you what I paid for because my

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wife's still mad at me about that, but I think it's pretty cool. We'll be back in a minute.

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So, the best annuity plan for monthly income really comes down to the carrier that provides

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the highest contractual guarantee quote for your specific situation. To break it all down,

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there's four types of annuities that provide income. Now, you can get that income monthly,

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quarterly, semiannual, or annual. That's your call. You're in control. The vast majority of

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people get the payments on a monthly basis. Okay? So, there's no advantage — you're not going to

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beat the annuity company if you get semiannual or annual. Just stop. You know, all you analytical

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types out there, just stop. You can't thread the needle. They have the big buildings for

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a reason because they know when we're going to die. But all of them provide monthly income. So,

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when we show quotes, unless you tell us otherwise, we're going to show monthly.

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If you go to our site, theannuityman.com, and run quotes to your heart's content on

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all four of those product types — single premium immediate annuity, SPIA; deferred income annuity,

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DIA; qualified longevity annuity contracts, QLAC; and income riders — all four of those,

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they're going to show monthly income for as long as you're breathing, unless you specify otherwise.

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Most people buy annuities — the value proposition is you can't outlive the payments. You're

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solving for what's called longevity risk. I always say, as long as you're breathing or,

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if it's joint life with somebody, as long as one of you is breathing, it's going to pay. So,

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monthly income — all annuity types provide that because most people like to see monthly income.

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But we do have those occasional people that want to see it on an annual basis. They've

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got some type of plan in place that requires that payment hit annually. So just remember,

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you can do monthly, quarterly, semiannual, and annual, but most people do monthly.

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So, the question is, when do you want the income to start? Do you want it to start 30 days from the

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policy being issued, which is the fastest you can do, or do you want it to start a year from now,

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two years from now, three years from now, whatever? That's the key. I mean,

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those are the key details that we need. We're also going to need, if you go to the site, you're going

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to be required to put in a date of birth. All of the information on our site is confidential,

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encrypted. We don't share or sell any of that. It's for your quoting purposes. But you have to

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put in valid dates of birth because the primary pricing mechanism of an annuity for lifetime

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income is your life expectancy. Not interest rates, not interest rates, not interest rates,

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not interest rates, not interest rates. Did I say it not interest rates? I think I did. And

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the reason I did that is because, well, the Fed's lowering rates, the Fed and the rates.

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It's your life expectancy, player. And it's joint life expectancies if it's joint with

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your spouse. Interest rates play a secondary role. Interest rates play a secondary role.

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Interest rates. Okay? My point is I don't want you to go down that rabbit hole. Well,

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I'm going to time it, Stan. You know, I time things in the markets. I'm

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going to time this purchase because I know interest rates. Well, you're wasting time,

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Chester. Okay? It's a colossal waste of time. I'd rather you analyze the palm of your hand and

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count the lines. It'd be more fruitful than trying to time interest rates in a lifetime

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income annuity purchase. Have I made myself clear? Yes, crystal, as they said in the movie.

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So, let's look at the monthly income amounts. So, you can do a couple of things on our site from a

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quote standpoint. Again, theannuityman.com. You can go in there with a lump sum and say,

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"Let's see what 100,000 or 200,000 or 50,000 is going to create monthly." Or you can say, "We need

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$425 a month. What would that take to create that contractually?" You can do it either/or.

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That's called a reverse-engineered quote. So you can do lump sum or monthly. Okay? So you

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can do that. And remember, annuities are commodity products. There's not one that's better than the

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other. So you got to quote them because the quotes expire every 7 to 10 days unless you lock them in.

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And you can't lock them in just for the heck of it. You got to lock them in with the understanding

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that you're getting ready to move forward because there's a time frame on the lock-in. It's a

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contract between you and the insurance company. You're buying the contractual guarantees, not some

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hypothetical, not some theoretical. When you see a quote from us, that is what you are going to get.

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We don't get calls from clients, and we have a gajillion clients.

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We want you to be gajillion and one. They don't call up and say,

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"What's my contract doing? What's it doing?" It's a contractual guarantee, Chester. You

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bought the contractual guarantee. It's doing exactly the same it did last year, and next

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year it's going to do exactly the same as it did this year and next year because they're contracts.

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Which leads to your question, and you're yelling at the screen,

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"Please stop yelling because no one can hear you." Dude, what about inflation? What about

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inflation? Tell me about inflation. I want an inflation rider. Of course, you

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do. Because you're very spoiled with Social Security and that increase that politicians

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love to give you when they need your vote. It's political, not actuarial. Hello. When annuity

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companies adjust payments for inflation, they don't give that away, player. They lower the

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payment to make up for that increase. It mathematically doesn't work in most cases.

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And if you've been to the bad chicken dinner seminar, expensive steak dinner seminar — and I'm

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going to tell you right now, okay — go swallow the food, not the sales pitch. My mom is 86 years old.

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She lives in St. Augustine, Florida, and she goes two to three times a week to annuity seminars. And

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thank you, all you agent idiots, for feeding my mom so I don't have to take her out to dinner.

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But she is the person that'll call and go, "What are you serving for dessert? I like this." I'm

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from the South. What are you serving? It's like a peach cobbler. I mean, she'll do that. She'll do

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that. And then they'll follow up with her. "You interested in..." I forgot to tell you my son's

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Stan the Annuity Man. And they're like — it's like a horror film. I mean, it's truly a horror film.

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I have no idea where I was at because that's important. My mom's 86. She's

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going to annuity seminars. Oh, I know what I was going to say. The guy at

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the annuity seminar stands up and goes, "I got this new adjust-for-inflation,

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son. Let me tell you something. Every time it goes up in value, it adjusts the income."

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Holy crap. Holy. You cannot be that stupid to fall for that. Please tell me. Please tell me

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you're not that stupid. Please tell me you didn't have that weak moment in your life that you went,

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"You know what? That sounds good. That sounds real good." It's like Dumb and Dumber. "What's soup did

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you order?" "It's soup of the day." "That sounds good." Don't be Dumb and Dumber. Okay? Don't be that.

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There is no annuity company that offers a product that adjusts for inflation.

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I'll do a visual just for fun. Here's the annuity payment without the increase. For

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people listening to this as they're driving their Ferrari, it's above my head. Okay. And here's the

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payment with the increase. For the people in the Lamborghinis, my hand is below my chest.

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Annuity companies don't give that away. There's not a philanthropist at an annuity company going,

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you know what? I want to give money away. I really, really love people and I want to

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give money away. I haven't met him. I haven't met that person. They're capitalists. They're

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capitalist pigs. Overweight capitalist pigs that run life insurance companies.

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I'm not sure they're all overweight, but most of the country is. So, I'm pretty solid there.

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But understand, with annuities for monthly income,

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don't buy the dream of increased inflation. So, you're saying, "Stop yelling." So you're saying,

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"But Stan, so how do we do inflation? How do we solve for inflation?" Good question. Glad

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you asked that. What we do is when inflation hits your specific situation and you call us

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up and you say, "Let me speak to Stan," and I pick up the phone, you go, Stan,

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we need an extra $475 a month. Notice I said $75 a month. That's all they said in North Carolina.

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We'll reverse-engineer an immediate annuity quote to solve for that. It's that simple.

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There's no floating product that magically adjusts for inflation. Just doesn't happen.

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I encourage you to go to my site, run quotes till the cows come home. And when they come home,

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pat them on the head and run quotes again. Just run quotes. See how the life expectancy

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payments and how it's structured. It's very informative. Spoiler alert, the older you are,

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the higher the payment. But it is what it is. And the Fed — what does it do?

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I'm not going to get in the loop again. Plays a secondary role. Okay? It's life expectancy.

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Do me one favor. Right above me is a link. And that link will take you to a video that will bring

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a tear to your eye. It really will. It's about me and the story of the Annuity Man. Honestly,

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it's pretty cool. I riffed it, and Big C behind the camera was like,

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"Man, that was pretty good. You kind of riffed it." But then he kind of stepped in and said,

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"Need you to add a couple things." But all in all, it's the truth. It's the brutal truth.

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Hey, Big C, can I turn around and show them the back of my shirt? Alright,

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that says Brutal Annuity Truth. Who puts that on a shirt? Come on,

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man. I know who. Stan the Annuity Man. Thanks for joining me. See you next time.