Decreasing Income Rider Teaser Rates: Fun With Annuities

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Welcome to Fun with Annuities. I'm your

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host, Stan, the Annuity Man, America's

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annuity agent, licensed in all 50 states

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in Puerto Rico. The founder and pioneer

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of CGO contractual guarantees only.

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Today's topic is an interesting one

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because it's starting to people are

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starting to call about it. Um,

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decreasing income writer teaser rates.

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Okay. Well, so let's talk about income

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writers. Income writers are lifetime

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income transfer risk products that you

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attach to either variable annuities,

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index annuities, etc. But we use indexed

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annuities as the delivery system for

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income writers. All right? And an income

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writer rides on top of a policy. And you

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can set it up joint life, single life,

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whatever. You can use any type of

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account, IRA, nonirra, whatever, Roth

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IRA.

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But the point is it's going to pay you

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as long as you are breathing. And when

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we run quotes on our site, and you can

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run them as well. Go to theanuityman.com

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and run income writer qu quotes, you

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know, you put in the amount of money you

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either want to use or the amount of

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money, lifetime income monthly you want

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to solve for, when you want that income

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to start, we're going to quote all

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carriers. Um, the only caveat is with

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the carriers for lifetime income. When

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we're doing lifetime income, it's A+ or

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better. A+ or better, you don't need a

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sweater. Repeat it. A+ or better, you

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don't need a sweater. What that means is

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A+ is going to be able to back up the

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claim. Period. End of story for lifetime

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income. No exceptions. There's no little

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little asterisk out there. That's the

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way it works. But what we're seeing

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um are carriers that are playing some

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games. And I call them teaser rates. I

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wish they wouldn't do this because

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what's going to happen, people that

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haven't been told about the teaser

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ratesseness of this, they're going to

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get mad when it happens. So, what we're

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seeing now are carriers that will have

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the highest payout for 10 consecutive

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years, but after year 10, it severely

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drops off the cliff. There's two or

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three that do that. I'm not going to

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mention my name because I know what

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they're doing. They're trying to attract

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money, etc., and they're hoping and

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depending on agents to understand the

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product and tell the people that yes,

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it's high, but 10 years from now, year

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11, it's going to go down in value.

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Now, if you go to our site,

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theanuityman.com, and run income writer

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quotes, we list everything. We list all

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carriers, all ratings, even though we're

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A+ or better. We pound the table on

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that. Period.

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We also list sometimes those teaser rate

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things show up, but my team and myself

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are going to say don't do it. And here's

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why. We do it every day. What I'm

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concerned about is if your

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brother-in-law I know the only reason

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you wouldn't use the annuity manage if

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your brother-in-law won't sell annuity,

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right? They're selling you that they

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might not know that it's going to

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decrease and then you're going to get

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the biggest wakeup call of your life at

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year 11.

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Now, of course, I'm sure there's some

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thread the needle situation out there

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that you go, "Well, I really like that.

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I want 10 years and I don't care if it

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decreases after that." Then, great,

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perfect. I mean, we're going to tell

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we're going to tell you how it works.

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You there's never going to be a surprise

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with us. But I haven't found anybody

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yet. I take that back. One person

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recently that I can remember out of the

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thousands and thousands of clients we

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get on a monthly basis is they wanted

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that. They saw the quote. But one of my

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team members said, "Yeah, you do

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understand that it's going to decrease."

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He goes, "Well, not really, but I like

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that." Okay, then I got to get on I got

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on the phone with like, "Are you sure

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you you sure you understand that?" Yes,

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I like that. But with most income

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writers, I'm not say most, I mean vast

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majority, 98%. That income stream is

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going to never change as long as you're

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breathing and or on a respirator. It's

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going to pay you if you live to 185. If

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artificial intelligence can keep you the

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breakthroughs and medical breakthroughs

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that's happened in GLP1s and you're this

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skinny vibrant 175year-old, it's still

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going to pay.

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But I don't I'm not a big fan of

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decreasing

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just because we all know in the future

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it's going to take more money to live.

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Taxes are going to go up because we

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happen to have 37 to 39 trillion in debt

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and that's not counting other

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obligations. That's just the debt clock

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that runs in New York City. So, you ever

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been to that? That's kind of cool. You

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look up and go, "Oh my god, we're

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screwed." Um, that's the reason I always

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say, you know, enjoy your life, learn

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how to spend money, enjoy chapter two,

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because where we ended up, Zeke, you're

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right. We're ending up at a drill cup

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and a diaper. That's where we're headed,

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Zeke. You started life, Zeke, with a

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drool cup and a diaper. You're going to

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end up life with a drool cup and a

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diaper if you live long enough.

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Think about that for a second. That's

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kind of depressing, but it's true. I My

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dad was the biggest

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bastard in the c in the world. I mean,

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he was an asskicking duty, but at the

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end, he's wearing a diaper, drilling on

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himself. I mean, that's not good, right?

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I mean, it is what it is. So, these

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decreasing income writer teaser rates,

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like everything in the annuity industry,

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that's kind of misleading. It drives me

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crazy. It It drives me nuts. It's like

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people say, "Well, you know, I'm going

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to buy this annuity for the upfront

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bonus, man. They're just giving money

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away." That's like going to the car

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dealership and saying, "You know what?

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Show me the best car stereo system you

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have. I don't I don't care about the

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car, the transmission, the engine, none

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of it. None of it. I want to buy that

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car for the stereo system. That's that's

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in essence the equivalent of buying a an

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index annuity for the upfront bonus."

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Okay? I mean, or or buy, you know, you

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always say, Stan, you know, owner

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annuity for what it will do, not what it

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might do. Correct. Well, I'm gonna buy

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this one at the top here because it's

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got the highest contractual guarantee. I

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understand that, Ernie, but Ernie, at

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year 10, it decreases. Well, I don't

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want that. Well, then great. We're not

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going to buy it. What I'm concerned

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about, most agents aren't going to dig

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in like we do and like my team does and

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understand that.

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So, dig in. Are we We We've made the

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decision though, if you go to my site at

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theanuitymen.com and and and run quotes.

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By the way, I've written a a owner's

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manual on income writers that you need

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to read. You just need to read it

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because it's it's the truth. Read it and

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you'll under kind of understand all of

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this. And I need to add a chapter of

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these teaser rate with decreasing um

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income because they just popped up

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recently with 14,000 baby boomers

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hitting age 65 every single day. A lot

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of those people, most of those people

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are looking for contractual guarantees.

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They're they're looking for principal

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protection. They're looking for legacy.

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They're looking for long-term care.

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They're looking for lifetime income. The

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acronym that I use for that is PIL,

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principal protection, income for life,

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legacy, and long-term care. They're

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looking for contractual guarantees. So,

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it doesn't surprise me that you have

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some carriers that are playing the

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teaser rates. To their defense, in their

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all of their information, it says it

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decreases and all of their disclosure

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information, it says that it decre it

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decreases. But most agents don't get to

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that. They just they're selling the

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dream. I got the highest one, you know,

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and maybe they're they're planning on

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not being in the business and having to,

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you know, having to pay the piper for

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that recommendation when you're 11

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decreases. I just en encourage you to

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use my team at theanuityman.com.

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Free consultation, schedule call, we'll

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call right on the diet and we'll tell

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you the truth and and you're going to

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see all quotes

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um from income writers if income writers

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is what you need to solve for your

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specific situation. Just be careful out

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there, you know, just tell Our motto

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here is tell the truth so you don't have

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to remember anything. It's something my

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grandfather Hunter Garrison told me a

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long long time ago. He was a smart man,

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not an educated man, if you know what I

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mean. Um, but that's what he told me and

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that's kind of what we do. I we're very

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transparent. So, I just wanted to do

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this video because it's important. One

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last thing. Hey, we're we're uh giving

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away these hats for free under no no

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obligation. If you are a client, you get

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one. I mean, I apologize. We haven't

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been in touch to get you one, but just

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shoot me an email, stantheanuityman.com,

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and we'll send you one. Um, if you're

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not a client, but you're considering,

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we'll send you one as well if you tell

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me why. Um, no obligation. You don't

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have to buy anything. But the point is,

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we hope you will. We hope you consider

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us. But I, you know, I love these hats.

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I wear them around. And, you know, I've

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sent them around. Some guy the other

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day, uh, what you know, my clients now,

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it's like where's Waldo kind of thing,

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if you remember that. They're sending me

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pictures of them in the hat all over the

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place. The best one I got recently, guy

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was in Indonesia and sent me. He's like

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walking around the streets of Indonesia

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or of some city in Indonesia. The

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streets of India. What am I talking

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about, Zeke? There's cities in I mean,

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but he was wearing the hat and I thought

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that was cool. Stay safe out there. Be

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smart. If it sounds too good to be true,

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it is every single time. And and use our

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site. It's a consumer site and we're

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licensed in all 50 states. And use my

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experts. And if you need to get me, you

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can get me. My name is Stan the Annuity

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Man. That's fun with annuities.