Best Guaranteed Lifetime Income Annuities

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What are the best guaranteed lifetime income annuity? Stan the Annuity Man, America's annuity

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agent, licensed in all 50 states. Yes, that is me. I'm also the pioneer of contractual

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guarantees only. But that's a good question about lifetime income. And I kind of wear it

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on my sleeve a little bit, actually on my chest. I heart lifetime income. And I think all of us can

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say that because we all own the best inflation annuity on the planet called Social Security.

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So that is the best. But what's the best that's not Social Security? We'll cover that after this.

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So when you ask the question, what are the best lifetime income guaranteed annuities? There are

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four types, okay? So it really comes down to a couple of things. We've really made it simple

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because simple is good. We asked two questions. What do you want the money to contractually do,

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and when do you want those contractual guarantees to start? So, let's just say that the answer to

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number one is lifetime income. The answer to number two, which is when do you want that

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lifetime income to start, determines which of the four annuity types that we would use. Single

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premium immediate annuities, deferred income annuities, qualified longevity annuity contracts,

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and income riders are the four types of annuity structures that provide lifetime income for as

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long as you're breathing. And if artificial intelligence changes the game and you live

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forever, it's going to pay forever, okay? So, as long as you're breathing and/or on a respirator,

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it's going to pay a lifetime income. So, what's the best? I always get asked the question, what's

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the best annuity you got, Stan? I mean, this is kind of the same thing. What's the best lifetime

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income guarantee, Stan? Well, it comes down to what you're trying to achieve and when do you want it

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to start. So, let's do some examples. If you want the income to start between 30 days up to a year,

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that's a single premium immediate annuity. End of story. Period. Lifetime income. We can structure

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all of these so that 100% of the money goes to your beneficiaries. So, don't hit me with,

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"I'd never own an annuity for lifetime income because if I die, the annuity company keeps the

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money." No, that's not it. We can structure it so that 100% of any unused money goes to

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your beneficiaries, and the evil annuity company doesn't keep a penny, even though they're on the

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hook to pay. So, you can set up your life, joint life, okay? So, if you need the income to start

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within a year, it's a single premium immediate annuity. You can go to my site and you can run

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quotes to your heart content on all of these: SPIAs, DIAs, QLACs, Income Riders. Also, on my

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site, theannuityman.com, you can download free owner's manuals. I've written owner's manuals on

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all types of annuities that we represent, the six main types of fixed annuities that are out there,

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and you can download those books for free and read about that. Obviously, I've done

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a few videos on all of these types that you can go down the rabbit hole and learn about them as well.

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Now, if you want the income to start past a year, then we're looking at deferred income annuities

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or income riders. If it's non-IRA, IRA, Roth IRA. And by the way, Roth IRA, you can use with

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anything. The only annuity that has to be used inside of an IRA is a qualified longevity annuity

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contract, okay? That's the only one. There's specific rules to that that we can explain,

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but that's a product that was put on the planet in 2014 as part of all of that that the IRS and

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the Treasury Department developed so that you would be incentivized to use your IRA assets

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for lifetime income for you, and they allow your spouse to be attached as well. And that amount of

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money that you use in the QLAC is not used to determine your required minimum distributions,

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so it can potentially save you some taxes on that as well. So people that say never buy an

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annuity inside of an IRA, I love it. I really love it when financial journalists say that,

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and I'm like, you're the dumbest person I know, and I know a lot of people,

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because QLACs can only be used in an IRA, okay? So again, it really comes down to

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the granular answers that you provide: what do you want the money to contractually do?

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In this case, lifetime income, and when do you want them to start? Now we're starting to funnel

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you to what is the product that's going to provide the highest contractual guarantee.

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Now, on our site, we're going to quote all carriers for lifetime income, A+ or better.

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I'm going to give you a little rhyme. I don't know if it makes sense, but it rhymes: A+ or better,

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you don't need a sweater, okay? A+ or better, you don't need to worry. That's in essence what I'm

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telling you. You don't need to worry at all. So, when we're doing lifetime income, no exceptions,

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A+ rated or better. So if you go, "What happens if they go out of business?" We're screwed as

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a country. It's over. Hug your loved ones. Love the one you're with. Start singing that

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song by Crosby, Stills, and Nash really loud because that's what it comes down to. Well,

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it could happen. Well, okay, if it does happen, we're screwed. So A+ or better,

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and go to sleep at night and have a pacifier. I don't care what. Don't worry about it, alright.

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But if you're saying, I need the income to start two years from now, four years from now,

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seven years from now, ten years from now, then we're going to quote primarily deferred income

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annuities and income riders and show you the two, and then tell you the good and the bad,

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the benefits and limitations of both, because no product's perfect,

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okay? If it sounds too good to be true, it is every single time. And because we're leading

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with just the contractual guarantees only, not some hypothetical, theoretical, nonsense crapola,

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then you know what you're going to get, and we're shopping all carriers for the highest

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contractual guarantees. Annuities are commodity products, meaning that no one's better than the

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other. They're bidding on your business based upon the need they have to fill

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your age range within their tranches that they're filling. It's really that simple.

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So, let's just say ABC company, their 70 to 72-year-old tranche of people is kind of limited.

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A lot of people have died off. They'll raise the guarantee to attract people in there. So,

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don't be one of those Johnny analyticals that's saying, "Well, I'm gonna tell you something, Stan.

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I'm gonna track the Fed and run my spreadsheets against the Fed, and then we're going to thread

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the needle and buy it right at the right time. I'm going to time it." You're an idiot, okay? Straight

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up. Life expectancy drives the pricing train. In addition to them needing to fill the tranches,

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interest rates play a secondary role. Interest rates play a secondary role. Interest rates play

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a secondary role. Did you just say something? Yeah, I think I did. Let me think. Yeah, interest

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rates play a secondary role. Please stop. Please stop trying to be Fedy, Fed Johnson, Fedmatic,

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because you're not. And it has nothing to do with anything. In fact, if it's 20% of the pricing,

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great. Who cares? The fact that we're looking at all carriers and we're getting quotes from all

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carriers, they're bidding on your business. That's the reason that these agents that

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only represent one carrier, that's a dying business model. Love those guys. Great logos,

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great sweaters, and all that stuff. But the point is, they don't represent everybody. We

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do. We actually represent them too. We're just showing you the whole thing. I don't

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have any skin in the game with any of these companies. Don't go on any incentive trips.

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Don't accept any gifts. We could care less. All we really want to know is who provides

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the highest contractual guarantee. And for lifetime income, it's got to be A+ or better.

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From there, then we start having the conversation. Should it be a deferred income annuity if you're

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deferring past one year? Should it be an income rider if you're deferring past one

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year? What's the difference between both? If it's a year or less, immediate annuities,

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how do you want to structure it? And remember, we structure it so that unless you tell us otherwise,

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if you say to me, Stan, I hate all my beneficiaries. I hate them. I go to a

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family reunion with a poison pill in the food. I don't like anyone there. I was going to say bomb,

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big C, but you know that's kind of a little confrontational. But the point is,

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unless you tell us otherwise, we're going to structure it so that 100% of any unused money

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goes to the beneficiaries. We can structure it to go in a lump sum or we can structure it to go

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in a payment form, which is what I did with my daughters, so that they don't show up at

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your funeral with a Lamborghini that they paid for in cash. They're paying in payments, okay?

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So, I think I've been pretty clear. As they say in A Few Good Men, clear? Yeah. Clear? Yeah.

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Clear? Crystal clear. Do me a favor. Above me is a link to a video I

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did on contractual guarantees only, being the pioneer of contractual guarantees only, and

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only showing that, only recommending that, only signing off on that. You need to know why that's

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important to us and why that should be important to you, and why really the industry should follow

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us. And they will eventually. We're dragging them across the finish line. It is what it is.

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Hey, hit subscribe. Put a comment in there. Be nice. If you want to be mean, send me an

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email, or nice, [email protected], [email protected]. I will get to them as

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soon as I can, and you can deal with me. Yeah, me. You're saying,

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"But are you actually real? I mean, you're so fluid. It's like AI." No,

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no, no. AI to the annuity man means actual individuals. With that, I'll see you next time.