Common-Sense Steps When Considering Annuities

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Hi there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states. Today's topic is common sense

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steps when considering annuities. Now,

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that's your common sense steps. That's

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not the agent trying to sell you

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something, your adviser trying to sell

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you something, or the adviser that

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somehow has convinced your employer to

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let you into the breakroom to sell you

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their annuity of choice. No, it's does

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an annuity fit for you. Should you own

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an additional annuity because all of you

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already own one? [gasps] What? Stan, no.

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There's no way. I'm not that stupid.

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Yes. Yeah. Well, you're not that stupid.

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But you do own an annuity. It's called

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Social Security. It's the best inflation

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annuity on the planet. If you have a

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pension from your work workforce or

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where you work, like my parents did at

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the North Carolina school system, that's

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an annuity. Okay. So, my mom has two

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annuities, right? Well, actually, she

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has more than that, but she had two

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before um you know, we determined that

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she needed something for her older age

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lifestyle. And I've done videos on that

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on how to how to not allow your um your

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parents to become a roommate. That's a

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whole another story. But common steps to

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considering annuities really comes down

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to an acronym that I've created called

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PIL. P stands for principal protection,

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I stands for income for life, L stands

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for legacy, and the other L stands for

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long-term care. If you do not need to

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contractually, keyword underline, bold,

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contractually

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solve for one of those items in the

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pill, then you do not need an annuity or

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you don't you don't need an additional

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annuity to the social security that you

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have. So, if you need market growth,

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never buy an annuity.

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Let me say it again. If you need market

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growth, do not buy an annuity. Go buy

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stocks and bonds and all that stuff. And

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I know what I'm talking about. I used to

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work for Morgan Stanley, Dean Whitter,

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Payne Weber, UBS. I know what I talk

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about there. I understand growth. And

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when I decided to become the mythical

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but yet real creature called Stand the

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Annuity Man. And I came over to the

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annuity world because I saw where 13 to

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14,000 people were turning age 65 every

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every day. And I'm thinking, I want to

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get in front of that demographic title

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wave and help. I was shocked and

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appalled by how many agents out here

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were talking about market growth or

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talking about stock market. I'm like,

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you got a life insurance license, which

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is what you need to advise to sell fixed

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annuities. You have a life insurance

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license. How in the world are you

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talking about stock market? [laughter]

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Okay. I don't I'm not even sure that's

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legal. I mean, and why why would you do

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that? That's such a different world.

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It's a 247 world. The annuity world is a

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contractual world. Most of you are

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looking at annuities or have thought

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about annuities because you think

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they're all about lifetime income. Going

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back to the pill, principal protection,

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income for life, legacy, and long-term

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care. There are specific types of

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annuities that solve for those four

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items in the pill. There's not a

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one-sizefits-all that does it all, but

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there's there's annuity types that will

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address contractually and solve that

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goal for those four things in the pill.

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Principal protection's easy. I mean, you

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if you're a CD buyer or or a aaa AAA

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muni bond buyer or something like that,

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you know, annuitities have a type called

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a multi-year guarantee annuity that acts

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like a CD. It's the annuity industry's

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version of a CD. You can go to our site

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and see the best rates that are out

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there. Um, but most people, most are

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looking for lifetime income, looking for

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an additional part of that income floor,

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the amount, which is the amount of money

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that you need every single month to pay

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the bills and live the lifestyle that

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you've that you've earned. That's your

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income floor. That's where annuities

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come into play. Now, I'm going to

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address inflation. It's kind of the

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gorilla in the room. We all talk about

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inflation. To me, inflation is personal.

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Since my daughters, who are now in their

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late 20s, are long gone out of the

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house, we're not buying milk and all

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that stuff anymore. So, I don't I'm not

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hit as hard with inflation as the as a

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family would be buying those things. So,

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inflation is personal. What I would tell

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you to do to address inflation, and

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again, this is the common sense approach

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to to thinking about annuities is if you

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need to fill a gap in that income floor,

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you can go to my site and run what's

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called a reverse engineer quote. What

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that means in English is, "Hey Stan, we

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need $750

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additional income per month to fill in

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that income floor." You can go to my

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site and run 750 and see how much money

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it would take to create that 750 for

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your life or joint life, etc. And you

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can structure it so that the evil

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annuity company will never keep a penny

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even though they're on the hook to pay.

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These are common sense thoughts. But if

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you just start with that pill acronym,

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principal protection, income for life,

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legacy, and long-term care. If you just

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start there, that will tell you if you

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even need to consider an annuity. Notice

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there's not a G for growth. There's not

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an S for stock market, okay? There's

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none of that. So, if you if you say,

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"I'm all about growth, Stan. I'm all

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about the markets." Then don't buy an

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annuity. You already own social

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security, great. But if you're looking

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to fill in that income floor and you're

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in chapter two of your life or you're

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headed there and you just need income

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and you really don't want to follow the

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markets, that's a common sense approach

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to annuities. Or if you say, you know

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what, I just want to protect the

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principle and get a and get a a good

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yield, contractual yield, then you might

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want to consider MAS and annuities. Go

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to my site at the annuity man, best site

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on the planet. if you want to engage

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with us and you can schedule a call. We

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nei proactively call you unless you tell

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us to call at a certain time. So you can

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schedule a call. So I'll see you next

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time. My name is Stan the Annuity Man.