Best Providers For RILA Annuities Educational Resources

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So, Stan The Annuity Man, what are the best annuity providers for RILAs'

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registered index-linked annuities and some educational resources?

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Since you're America's annuity agent and licensed in all 50 states and the

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founder of Contractual Guarantees Only (CGO), Stan The Annuity Man, we thought,

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as typing this in as something we're looking for, you'd be the person to go to.

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I am the person to go to, but it's probably not going to be the answer that you're looking for,

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which is the reason you need to hang in there. And I'll get to that after this.

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Okay, so, this is one of those topics where consultants, lawyers, agents,

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PR people that walk around with me and ride around with me in my Suburban,

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you know, and they, "Yes, Stan. No, Stan. Yes, Stan. No, Stan." This is one that they

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convinced me to do because RILAs' registered index-linked annuities are new, the newest

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annuity type to the scene in a while, but it's something that I do not recommend.

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I have nothing against them. I just don't recommend them because it doesn't fit into

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what I do, which is Contractual Guarantees Only. You own an annuity for what it will do,

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not what it might do. And there's two questions that I ask every single person: What do you want

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the money to contractually do? When do you want those contractual guarantees to start?

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And then there's an acronym, PILL. P, stands for principal protection.

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I, stands for income for life. One L, stands for legacy. The other L, stands for long-term care.

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So let's talk about RILAs. First of all, I don't mention company names. I mean,

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if they came to me and paid me $100,000 every time I mentioned the company name,

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I still wouldn't mention the company name. Why? Because annuities are commodities,

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okay? We represent all carriers. It's about the contractual guarantee number and the rating,

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and then my recommendation. That's really what it comes down to.

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But let's talk about RILAs. Registered index-linked annuities are the annuity

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industry's version and the brokerage industry's version

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and the banking industry's version and the RIA industry's version of an indexed annuity.

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Fixed index annuities were put on the planet in 1995 for CD returns, but it is the most overhyped,

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bastardized, overpromised sales-pitch nonsense on the planet. Market upside

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with no downside. Market participation with principal protection, all under a fixed

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structure. It's a CD product. And since 1995, it's returned CD returns. Okay? It is what it is.

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But there was so much sales happening with the indexed annuity side because

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people, I mean, if you stood up in front of people and said, "This pill," well,

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I can say that now, "This pill will make you skinny." There is one now. We're not going

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to talk about all the bad things, right? You're going to sell a lot of those pills,

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right? If it sounds too good to be true, it is every single time. There's always a catch.

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And with indexed annuities, the catch is it's a CD product, not a market product,

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even though it's sold as a market product. And they attach things like upfront bonuses,

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which I call candy for the stupid. There's not a philanthropist giving away money.

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But over here, watching all of these sales was the brokerage industry,

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and they were going, "We've got to come up with something." And they did.

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So their version of an indexed annuity is a registered index-linked annuity.

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You have to have a Series 7 or be an RIA. You've

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got to go through those tests that most agents over here couldn't pass, ever.

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Of course, I had that when I worked with Dean Witter, PaineWebber, UBS,

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and Morgan Stanley. And I could pass a Series 7 tomorrow blindfolded. Not a big

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deal. Options, all that. I know it. Munis, got it.

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But the bar is raised over here just from an intellectual standpoint,

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IQ standpoint, to be able to recommend registered index-linked annuities.

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I have nothing against them. I'm not going to mention the companies' names,

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but what I call them are co-pay annuities, kind of like co-pay, the Medicare stuff you do. With some

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of them, not all, but some, you can choose the level of downside that you participate in or co-pay in.

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Now, if you said to me, "Hold a gun to my head," and I think you're crazy

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enough to pull the trigger, it's okay because the lovely Christine,

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there's a huge term policy behind me, so she's going to live real well, so it's all good.

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But if you held the gun to my head and you said, "Stan The Annuity Man,

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America's annuity agent, the go-to source on all things annuities, if the only two

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products you're on a deserted island and the only two products that you can buy,

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and you have to buy one between an indexed annuity and a RILA, which one would you buy?"

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Well, the first question I would say is, do you need lifetime income? Because if you do,

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then you attach an income rider and you buy an indexed annuity.

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But if you say, "No, I do not need lifetime income. I just want the potential growth.

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The non-guaranteed growth, Stan. Non-guaranteed growth turns me on. I love non-guaranteed growth."

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Tells me a lot about your life, you know what I'm saying?

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Okay. I would say buy the RILA. It's got the best non-guaranteed story on the planet. It's

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got the best potential story on the planet. But potential doesn't pay the bills, player.

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If you want market growth, go get it. If you want market growth,

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don't put limitations on it. Why would you want limitations on your market growth?

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You can go get exceptional guaranteed fixed-rate guarantees on the fixed side. Exceptional. But the

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greed factor, baby. Oh, the greed factor. "Oh, I want to make sure I'm getting..."

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A guy told me the other day, I said, "What type of return

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are you looking for?" He goes, "I'd be happy with a 9%, 10% return annually."

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I'm like, "You and every other money manager."

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Yes, we are in a, check the date, raging bull market where monkeys are throwing

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darts at boards and making money. I get it. But things go in cycles.

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Now, that's the argument that the guy is going to say for the RILA. "Hey,

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this registered index-linked annuity, this equity index," they used to call them equity

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indexed annuities, "This indexed annuity over here, market upside, no downside."

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No. That means you can get zero.

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And with RILAs, you can get a little bit more than zero. You can lose money, but

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you can buffer it. They used to call them buffer annuities. "Buffer. We're going to buffer it."

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Okay. I'm not against that. Okay? I'm really not against that product if it's in proportion.

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If you said, "You know what? I've got 3% in managed futures, I've got 3% in gold,

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and I've got 5% in RILA. Then I have my income floor, and then I invest the rest."

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I'm okay with that. I'm okay with that.

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But that's not how it's sold, and you know it.

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The other thing on both fixed index annuities and RILAs:

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if someone is saying, "I'm going to charge you a wrap fee. I'm going to charge you

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an annual fee to manage it," get up and walk the hell out of the office.

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Annuities do not require an annual management fee. Are we clear? Annuities aren't managed.

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Even the lovely RILA and the lovely indexed annuity.

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I'm going to win out here. I'm going to tell you that right now. I'm going to

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do as many videos and write as many books and talk in as many

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places as I can until I squash all this bullshit. I'm tired of it.

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When you're in Chapter 2 of your life, don't buy dreams. When you're in Chapter

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2 of your life, don't buy potential. When you're in Chapter 2 of your life,

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don't buy back-tested. When you're in Chapter 2 of your life, buy contractual.

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Put the income floor in place. Put the principal protection in

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place that you want, and then go invest the rest.

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You'll be a better investor because you don't have to disrupt.

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And I'm not talking about investing the rest by buying a RILA or buying an indexed

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annuity. I'm saying invest the rest, buy something that has unlimited upside.

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Choose your stock of the day in the last year or so that's gone haywire up, like Nvidia. Great.

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Would you want a limited upside on Nvidia?

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Is it worth it to buffer that? You want to buffer that, do you?

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No.

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Annuities should never be purchased for market growth. Annuities should never be a replacement

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for the stock market. Annuities should never be a replacement for aggressive investing.

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That has its place.

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But annuities are contractual.

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Go to my site, theannuityman.com.

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If you want to rail against me, you can, stan@theannuityman is my personal

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email address that I check. I don't have people checking it for me. I check it.

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I get a bunch. But that's okay.

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And it could be hateful. You can hide behind the keyboard if you like,

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but just put it in the back of your head as you're writing the hate:

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"Man, I might run into that cat at the freaking hotel or the airport."

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You don't want that. No, you don't.

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Do me a favor. Above my head, I did a video that kind of coincides with all this.

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You're thinking, "Stan, you're a genius. How do you do that?"

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I don't know. It just happens, you know?

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But that video is talking about contractual guarantees,

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it's talking about annuities being commodities. None are better than

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the other when you're looking at the contractual guarantees of the policy.

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I'm the only person out here that's doing that. That doesn't make me crazy. That makes me right.

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Okay?

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So watch that video. Get in touch with me.

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If you schedule a call, you can tell my person if you might get me, okay? But if you don't get

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me, you can say, "Listen, I really respect you picking up the phone, but I want Stan."

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And you'll get Stan.

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Unless I'm dead. But if I'm dead, you don't want me anyway because I can't talk.

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But the point is, you can get me.

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Alright?

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So calm down on all these hypothetical, theoretical dreams you've been pitched.

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Because if you buy the dream, you're going to own the contractual reality.

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My name is Stan The Annuity Man.

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See you next time.