How Long Is The Accumulation Period For Immediate Annuities?

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How long is the accumulation period for immediate annuities? Very good question. Hi there,

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my name is Stan the Annuity Man, America's Annuity Agent, licensed in all 50 states and Puerto Rico.

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I'm adding that because we have a Spanish division now. Pioneer of the contractual guarantees only

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approach to annuities. I've been doing this a long, long time. Licensed in all 50 states,

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and every single person in my office in Las Vegas is licensed in all 50 states as well,

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but they are not on commission. They are here to help and listen to you,

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using their ears and mouth in proportion 2 to 1. So, let's talk about how long the

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accumulation period is for an immediate annuity and can be for immediate annuities after this.

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So, immediate annuity, single premium immediate annuity, SPIAs. You can go to

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my site at theannuityman.com and run SPIA quotes all day long. But these are the granddaddy of all

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annuities. These were designed and developed in the Roman times as a pension payment for the

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dutiful Roman soldiers and their families and was sold here in the United States exclusively

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up until about 1954, when the variable annuity was introduced by TIAA-CREF. But it's the granddaddy.

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It's the pension payment. It is, if you love your Social Security payments, which is an annuity,

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you're going to love immediate annuities. But you can defer immediate annuities. So, in my world,

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immediate means one year and in. Okay? So, you can defer it. The soonest you can get paid with

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an immediate annuity is 30 days from when the contract's issued. All right? So you go through

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the process with the annuity man. You know, we help you choose the right carrier, lock in the

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quote, etc. Once that policy's issued, 30 days from that date is the soonest that that income

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is going to start. You can defer it for 2 months, 3 months, 4 months, 5 months, 6 months, all the

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way out to 12 months with immediate annuities. Now, here's an interesting part about the annuity

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world. There's a product called deferred income annuities. Deferred income annuities are single

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premium immediate annuities that you defer past one year—magically, bing, like once you defer past

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one year, it becomes a deferred income annuity, what's called a DIA. You can run those quotes on

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my site as well. And I've written owner's manuals on all annuity types. You can download those for

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free: SPIAs, DIAs, QLACs, index annuities, MYGAs, and income riders. You can download those and read

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them to your heart's content. But it's a written form of how they work—good, bad, benefits—with

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there's, frequently asked question sections in each of the books. I just try to educate you

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because you're buying the contractual guarantee. You're owning an annuity for what it will do,

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not what it might do. So, let's go back to the question. How long can you defer with an immediate

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annuity? At the annuity man, we ask two questions: What do you want the money to contractually do?

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When do you want those contractual guarantees to start? So, let's just say I want lifetime income

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for me and the spouse, and I want it to start 6 months from now. That's an immediate annuity. I

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want income to start 9 months from now. That's an immediate annuity. I want income to start 30 days

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from the policy being issued. That's an immediate annuity. I want income to start in 14 months.

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That's a deferred income annuity. Okay. Same structure. Both SPIAs and DIAs have no moving parts,

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no market attachments. It's a straight pension. You're getting your money back with interest.

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And the value proposition is, if you live forever, they're going to pay you forever. So,

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even if you draw the account down to zero, you outlive your life expectancy. Okay? The annuity

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company's on the hook to pay. That's the reason I always say there's no ROI until you die. I also

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did a very disturbing video recently called, “You should own a respirator annuity.” You know,

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the respirator—you know, you're laying in the bed, you got bed sores, you know,

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the family comes and sees you maybe once a week, you know, but you don't know because you're in a

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coma because you're on a respirator. If you have an immediate annuity, it's still paying. Okay? So,

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you know, people say, “Well, I don't know what the ROI is going to be, son. I don't know what

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my investment return is going to be.” I don't know either, player, until you die. And death

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isn't a good strategy because you can only use it once. Right? Right. So, you're transferring

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the risk to the life insurance company that issues the annuity to pay for the rest of your life. Now,

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at the annuity man, A+ or better. A+ or better, you don't need a sweater. Right? Right. See behind

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the camera. Absolutely. What does that mean in, southern speak? That means that A+ or better,

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no worries. Don't worry about it. Don't call me up and say, “Well, we bought that A+ company big.

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Big, Stan. They're big. They're like a cruise ship.” What if they—what happens when they go

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under? They're not going under, Chester. Okay? And if they do, it's a wrap. Hug your loved ones.

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We're screwed. Country—it's over. Game over. It's been a good run. These companies are not going out

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of business. Do not come to me, “Well, you don't know that, son.” Yes, I do know that. I do know

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it. Okay? So, anything for lifetime income is A+ or better. Why? Because we are marrying them. See,

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I have a hard time saying that. We're going to marry the carrier for life. We want to make sure

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that they can back up that claim. We want to make sure that they can pay you if you're on a

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respirator. We want to make sure that they can pay in case artificial intelligence makes you

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live to 125 and your current projected life expectancy is 84. Hello. Which is one reason

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you might want to consider locking in guarantees now with a very high-rated company, A+ or better,

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because AI, you know, can mean two things in our world, in the annuity man. It means two things:

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actual individuals. You get to speak with actual individuals in the country, okay, that live here

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in Las Vegas. Okay, I'm not filming in Las Vegas, so I really can't say that. I'm filming in an

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undisclosed location, but the bottom line with all of this is annuities are customizable. So,

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the question was, how long can you defer? My question back to you: how long do you want to

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defer? What do you want the money to contractually do? We want lifetime income, Stan. When do you

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want those contractual guarantees to start? We want it to start in 92 days. Great. Get granular.

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Get detailed. Email me, [email protected] , and say, “This is exactly what I want.” Don't be

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a “well, I kind of want to see what happens down the road.” What road? As they say in the South,

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when you come to the fork in the road, pick up the fork. The point is, be specific. These

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are customizable strategies, okay? It's that simple. So, immediate annuities are actually

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deferred income annuities, and qualified longevity annuity contracts, which you can use your IRA,

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are actually deferred income annuities. They're all structured the same way. Don't say, “Well,

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I'd never put an annuity inside of an IRA, Stan. I know that much.” Well, you're wrong, because

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qualified longevity annuity contracts, which are, in essence, immediate annuities used in—or

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deferred income annuities, which are immediate annuities used in—your IRA, non-correlated asset.

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It's a straight pension payment. Okay? Remember, your income floor is key in chapter two of your

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life. Chapter two is about you. Chapter 2 is what people call retirement. Not me. Retirement means

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you're sitting on a—like in a Lazy Boy and you got one of those cup holders in the armrest that you

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bought at Costco and I don't know why you bought it at Costco. Because nobody needs a cup holder in

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their armrest. See? I mean, they just don't. Okay. I don't know what I was talking about,

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but the point—I mean, I'm digressing a little bit. I love Costco, though. You know, you go to Costco,

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see, and you get the rotisserie chicken for like a dollar, and then you come out and you

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get the hot dog for a dollar and a quarter. Now, I know I'm saying you're saying, “See,

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you're so thin and you're so athletic and you're so spelled. How does that work?” It's genetics,

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player. I mean, it's genetics. You know what I'm saying? Hunter Garrison, my grandfather, who's the

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mentor, he's the person that gave us the insight to the business, which is, if you tell the truth,

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you don't have to remember anything. Smart man, not an educated man, if you know what I mean. But

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with all types of lifetime income quotes and how long can you defer an immediate annuity,

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I'm going to throw the question back at you. How long do you want to defer? Tell me exactly

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what you want to accomplish. Tell me exactly how you want the contract to work,

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and we'll go find it and we'll lock in that contractual guarantee. Okay? Hey,

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do me one favor. Above my head, you'll see a spinning clock counting down. There is a

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video I did on contractual guarantees only. I'm the pioneer of CGO, contractual guarantees

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only. It talks about why we do that, why we choose that, why it's right for you,

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why the annuity industry should follow me like the Pied Piper, or would that be a Stan Piper? I mean,

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they should follow me down the road here because with 14,000 people turning 65 every day, people

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aren't looking for hypothetical, theoretical and, you know, whiz-bang, you know, let's go buy

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Bitcoin, let's go buy something. No, they're not looking for that. They're looking for lifestyle.

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They're looking for contractual guarantees. And that video does explain that. All right?

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Good. I digress a little bit, see, on the Costco thing, but I think that was informative.

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See you next time.