How Annuities Can Take Care Of Your Family

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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 in Puerto Rico. Founder of CGO

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Contractual Guarantees Only. We only

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consider annuities for what they will

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do, not what they might do. Today's

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topic is a good one. How annuities can

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take care of your family. I'm going to

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give you some personal insights on that

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because yes, Stan the annuity man has a

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family and I do use annuities to help

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with that. We're going to do all of that

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in detail after this.

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All right. So, we're talking about how

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annuities can take care of your family.

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What are annuitities? Annuitities are

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contracts. They're contractual

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guarantees that solve for four things.

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Those things are easy to understand

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acronym called pill that I've developed.

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P stands for principal protection. I

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stands for income for life. L stands for

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legacy. The other L stands for longterm

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care. So, how how do annuities take care

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of your family? If you know, principal

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protection, income for life, legacy,

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long-term care. Let me give you a

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personal story. I have two daughters at

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the time of this taping, 30 and 28. And

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who knows if social security is going to

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be here when they get older. And I also

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know that as long as I'm here, as long

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as I'm hitting on all cylinders, the

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family's fine. All Yeah. Everyone's

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fine. I'm going to take care of them.

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It's going to be good. But when I pass

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away, there are some things that need to

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happen to take care of my family. My

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wife, the lovely Christine, we call the

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queen of 38 years. She could care less

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about markets, annuities, anything

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financial. She just wants to see the

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kids, the grandkids, and travel to

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Europe and all that stuff, which is

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great. So, Stan, how do you do this for

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your family? Well, like I said, as as

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long as I'm okay, things are okay with

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the family. But within the trust that

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we've set up when I pass away, that's

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the trigger point. Then there will be

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single premium immediate annuities for

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lifetime income purchased for both of my

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daughters at that time when I die. Same

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thing for my wife. She's going to she

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can do what she wants. Obviously, she's

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the queen, but I'm going to give

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instructions for her to do the same

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thing by a single premium immediate

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annuity for that lifetime income stream.

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If all of the migas that we own and

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those are multi-year guarantee

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annuities, fixed rate annuities, CD

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annuities that the queen and I own that

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just you know grow and compound tax

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deferred. So that's how I use annuities

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to take care of my family. Now there's a

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lot of people out there that um you know

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if like the queen and myself, she

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doesn't care about anything in the

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financial world. Now fortunately you

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know the annuity man is a phenomenal

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growth stock and it's doing fine. So, we

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really don't need to put in place

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lifetime income products right now, but

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you might need to do that. Taking care

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of your family means taking care of your

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spouse. Taking care of your family means

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joint lifetime income. Meaning that when

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you pass away, the income continues

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uninterrupted and unchanged for your

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spouse's life. And we can put a backs

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stop in there so that not one penny will

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go to the annuity company. It'll go to

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your family even though they the annuity

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company's on the hook to pay for as long

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as you're breathing. Remember,

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annuities,

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the primary thing they're going to solve

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for for your family is lifetime income

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because annuities, there's 10 types, or

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there's four types of those 10 that

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provide lifetime income guarantees. It's

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the only product category on the planet

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that does that. You already own the best

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one, best annuity, social security, and

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it adjusts for inflation. Fantastic. No

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one says they hate social security, but

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somehow everyone seems to hate

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annuities. That's crazy. Lifetime income

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is the game. Now, there are some

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situations taking care of your family

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might mean just principal protection.

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That's another way that I do that for my

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family wi with non-qualified money, you

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know, profits from the company. The

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queen and I buy migas in big big lumps

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and it those those grow and compound tax

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deferred in a nonirra account,

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non-qualified chicken account type

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money. But you can also use migas which

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are CD annuities. I call them annuity

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bonds because that's how they work like

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a bond. but the underlying value doesn't

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fluctuate. You can use them in Roth IAS,

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regular IAS, but al but the way that I

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do that for my family, maybe that's

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something you need to consider is

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putting it away. And if you want to peel

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off the interest, you can. But if you

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don't, it just grows and compounds tax

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deferred. Now, that's what the queen and

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I have majority of our money in. And you

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got to say, well, wait a minute, Stan.

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Your daughters are going to have this

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big tax bomb at the end if you guys

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don't do something with all those migas.

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I don't care. they're going to be okay.

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Okay, they can pay the taxes with the

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huge lump sum that they're going to get.

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But what I want to put in your mind is

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the contractual guarantees of annuities

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either for principal protection, income

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for life, legacy, and long-term care.

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The MA play that we're doing right now,

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that's kind of a legacy play for the

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queen and I. But you can also too with

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long-term care, there are long-term care

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annuities, not only simplified issue,

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but also guaranteed issue that can cover

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and help the family with those long-term

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care type coverage needs. All right? So,

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when you're thinking annuities, think

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contracts. When you're thinking

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annuities, you're thinking transfer

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risk. When you're thinking annuities,

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think about you and your family. Think

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about what's going to happen when you

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die. I know that's tragic, but think

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about it. What's gonna what what needs

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to happen contractually when you die?

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What can you put in your trust as a

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directive? That's got to happen when you

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die. Like with me, the my two daughters,

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they will have to via the trust

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directives buy a single premium

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immediate annuity for lifetime income

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payments. Now, they might hate me

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because they're not getting this huge

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lump sum. They're getting other lump

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sums. They'll be okay. But this is a

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guaranteed pension payment. I think one

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of the biggest gifts that you can give

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to your family is is the gift of

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lifetime income. I mean, that's

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fantastic. I'll give you another example

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that's interesting. I had a grandfather

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the other day and he said, I you know,

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he's like 81, 82, and he wanted to do a

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an immediate annuity joint life with his

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grandchildren. So, one for each and I

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think they were like 7,9 whatever. We

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did a joint life payment. you go, "Well,

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that didn't make any sense then because

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he's 80 and they're young and they're

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the annuity company doesn't care about

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him, but they only care about the kids."

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Yeah, that's exactly right. That's

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exactly how that took place. Now, we'd

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have to get on the phone and I talk to

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me about how how we did the taxes and

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how we structured everything. But

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grandpa wanted to put a lifetime income

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stream for the kids in place. I'm

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thinking about that now. I'm a newly

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minted grandfather. Um, you know, my

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grandson at the time of this taping is

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getting ready to turn two. I'm sure down

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the road I'm going to be doing those

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type of things for my grandson.

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Hopefully, he never works. I told

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someone other day, there's not any

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bootstraps in our family. There's not

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going to be anybody pulling themselves

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up for the bootstraps. Now, you're

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you're saying, "Well, Stan, that's not

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being a good parent. You're not teaching

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the value." Screw that. Okay. I lost

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years of my life grinding to get to this

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point to be able to provide the umbrella

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of capitalism that they in my opinion

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deserve.

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So how could annuities take care care of

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your family? They can take care of your

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family contractually.

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Not hypothetically, not theoretically.

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And in most cases, you're not buying

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something now for them. You are buying

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something in the future or something

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that's triggered with the trust. Now,

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there are some situations that there are

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some special needs children that need to

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be taken care of as well. The expert in

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that I've done that uh for clients for

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decades on how to set things up. Again,

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as long as you're living, everything's

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fine, but when you pass away, then

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things need to be set up. And I work in

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conjunction with CPAs, fee onlyly

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planners, tax lawyers to make sure that

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it's done correctly and so that your

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legacy is just more than, you know, what

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you've done namewise or in business or

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at the church or whatever. I want your

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legacy to be a little bit more financial

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than that. We can do that, especially in

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the income side. But I want you to think

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about that. All right? Um, go to my

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site, theanuityman.com. There's a

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schedule call button that you can hit

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and you can get me. If you want me,

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demand me, you can get me. My schedule's

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pretty tight, but I'd love to speak with

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you oneonone about how to take care of

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your family using annuities and using

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the contractual guarantees that they

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provide and using the transfer of risk

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as peace of mind to provide that. Okay,

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you can go to my site again and get the

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books and download those books for free.

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You can run quotes 247, 365. Last thing,

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um I did a video and it's it's really

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been popular. So, uh, I want kind of

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pointing people to this one again is

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what is better than an annuity in

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retirement? Um, you'll see a countdown

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clock and you should hit that and read

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and and and listen to it or read it if

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you want to see the transcript, but but

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view it just because annuity sales

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people are like, nudities are great.

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They're the best thing ever.

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Depends on your goal. It depends on your

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goal. So, check that video out. I hope

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that you engage with us. Consider us.

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Consider being a client. We'd love to

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help you out. had the biggest staff on

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the planet lo located in Las Vegas,

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Nevada. And I am here for you if needed.

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I think that's about it. I think I did a

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pretty good job. Pat myself on the back.

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See you next time.