Best Deferred Annuity For Future Retirement Income

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What is the best deferred annuity for future retirement income?

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

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and Puerto Rico. Proud of that. We just launched our Spanish division. Look at the time

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of this taping. So, that just has been launched. But we're going to talk about when people say,

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"What's the best? What's the best deferred annuity?" I'm going to break that down to

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you very simply so you can make a good decision if you're looking in this direction after this.

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So, anytime someone says, "What's the best deferred annuity?" People call me all the

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time or leave a message on my voicemail, go, "What's the best thing out there right now,

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Stan? I mean, what do you look? I mean, what's the best? I want the best." Well,

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the best is the annuity company that provides the highest contractual guarantee for your specific

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situation after we quote all carriers for that, okay? So, when you say what's the best deferred

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annuity? Well, there's many types of deferred annuities. So we got to even go further back,

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understanding that annuities solve for four things. The acronyms PILL:

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P, stands for principle protection, I, stands for income for life, L, stands for legacy,

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the other L, stands for long-term care. But we get even more granular than that.

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Two questions: What do you want the money to contractually do? And when do you want those

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contractual guarantees to start? It's really that simple. So, what do you want the money

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to contractually do, and when do you want those contractual guarantees to start? So,

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if you're saying, what's the best deferred annuity? Well, there's a deferred income annuity. There's

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a qualified longevity annuity contract, which is also under the category of deferred income

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annuity. There's a single premium immediate annuity that you can defer up to one year.

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There are income riders that can be attached to a fixed index annuity that can be deferred

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10-plus years if you want to, up to that. There's multi-year guarantee annuities that

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you can defer and take the interest off the top and never touch the principle, similar to a CD.

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So, I think the lesson here is be specific. What's the best deferred annuity? If you ask

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that to an agent advisor and they answer you with anything other than what I just answered,

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then they're a hoaxter. They're a charlatan. They only want to sell you one product.

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And if they sell enough of it, they go on to the trip, incentive trip,

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to Bora Bora with a girlfriend or boyfriend or wife or whatever applies. The point is this:

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there is no best. The best is the highest contractual guarantee for your specific situation

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after you answer those two questions. The best for lifetime income is after you answer those

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two questions and we quote all carriers, we choose the highest contractual guarantee,

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A+ or better for lifetime income. No exceptions. A+ or better for lifetime

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income. No exceptions. Why? Because you're transferring the risk, your longevity risk,

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so that they're going to pay for as long as you're breathing. Well,

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why is that important, Stan? Why A+? Because what happens when AI, artificial intelligence,

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creates some medical breakthrough? That means you're going to live longer, which means life

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expectancy tables will be longer, which means the payments will be lower, which means right

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now lifetime income's a bargain because those tables haven't changed yet, but they're going to.

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So, there is no best. We represent all carriers. I could care less what the carrier's name is

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and what the product's name is. I could care less. All I know is the number,

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and then I look at the rating, and then we look underneath the hood at the financials

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to make sure that they can back it up, in addition to looking at the rating,

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okay? But people call all the time, "Hey, have you heard about this, you know,

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accumulator unicorn cactus annuity?" Who cares? I don't care.

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We represent everybody. I can get a hold of everything, okay? It doesn't matter. The only

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thing that matters is the number. The only thing that matters is the guarantee. The only thing that

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matters is what you're going to get. The only thing that matters is what's in the contract,

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not what's been promised, what's in the contract, not what's been shown, what's in the contract,

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not upfront bonuses, what's in the contract. Because upfront bonus is nothing more than — I call

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it candy for the stupid — but it is actually part of the overall contractual guarantee when looking at,

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say, an index annuity with an income rider. I mean, buying annuity for a bonus is like

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buying a car for the stereo system. I mean, it's that stupid, you know? Or people say,

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"Well, this one has a 10% free withdrawal." That's not a benefit,

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player. That's you taking your own money out. I laugh out loud when I hear agents go, "Well,

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it's got a 10% free withdrawal." Well, if they have to take withdrawals, they're going to

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interrupt the guarantee. They're going to disrupt that. Why are you even pitching that? Obviously,

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that's part of the contract. We say, "Hey, there is liquidity if

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you need it." But that's not a benefit. I mean, that's not something to pitch.

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I mean, I get tired of the overhyping of annuities. There's no overhyping.

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You don't buy the dream because you're going to own the contractual reality,

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but the dream is what's sold. Whatever. I mean, that's the reason that the annuity industry

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continues to get a bad reputation because you have people selling dreams when, in essence,

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they're offering contractual realities. So, what we do is look at the contractual reality.

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So, getting back to questions: what's the best deferred annuity? I don't know.

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We represent them all, and we represent all types of deferred annuities, but you have to tell us

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exactly what you want the money to contractually do. Don't say, "I just want a reasonable rate of

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return." Crap. Granular. I want more. "Well, I just want to know what income's going to be

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down the road." What's down the road, player? Give me a year. Give me a day. Give me a time.

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Don't be vague, okay? Don't hit me with cliches, okay? Hit me with the facts of what you want

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to accomplish with the understanding that we can customize your situation.

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"Well, I want it with me and the wife. I need it to start, you know,

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93 days from now. 93 days I want it to start. And I want, if something happens to me,

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the income continues uninterrupted and unchanged for Martha. And when Martha dies,

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I want whatever's left the account to go to the kids." That's what I'm talking about.

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That's the detail we need, okay? Don't just say, "What's your best one, Stan?"

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And please don't ask that to anybody other than us because they'll tell you, "Well,

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it's this one. It's this one. ABC annuity." That's crapola, okay? That's crap.

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Annuities are commodity products. There's not one better than the other. And these companies

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are bidding on your business based upon your in in the lifetime income game, based upon your ages,

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age or ages, and the trenches that that specific company needs to fill. It's not, well, you know,

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interest rates. Life expectancy drives the train. Life expectancy drives the pricing

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train. In addition to the trenches that need to be filled, interest rates play a secondary role.

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Interest rates play a secondary role, okay? Don't get caught up on stupidity and looking at the

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wrong thing. "Well, I'm going to focus on interest rates." Well, great. You're focused on about 20%

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of the pricing, okay? The other 80 is over here. You might want to look over here, Fred, okay?

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And quotes change like a gallon of milk every 7 to 10 days, they change. They

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can change, but we can lock them in for you if you want to move forward. So, if you see a

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number you like, we can lock it in. But that's how it works. But you got to get detail.

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Do me a favor. Above my head, contractual guarantees only is something that I pioneered,

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and it's a video I did. Click that above to just kind of explain why that's important

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to us at the annuity man and why it should be important to you, and it's what drives

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the company. So, take a look at that, and I'll see you next time. My name is Stan the Annuity Man.