How Much Does A Fixed Annuity Cost?

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So, how much does a fixed annuity cost? What a loaded question. I'd rather you ask me how

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a rainbow is made. I'd have a better chance of explaining it. How's a fixed what's the cost

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of a fixed I don't know that. Hey, Dr. C. Dr. V, sorry, Dr. V and big C behind the camera. Yes,

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I'm wearing this. It's called I heart annuity haters and I really do. And I wear this through

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airports. You probably most some of you have seen me and stopped me and go, "What do you mean?"

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because a lot of people go, I hate all annuities. I hate them. I'd never own one. I'm like, you

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mean like social security? I'm like, well, that didn't count. You mean like your pension? Well,

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that didn't count. Yeah, it does count because that's an annuity. Annuitities s four things,

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principal protection, income for life, legacy, and long-term care. So,

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I love when people tell me that. So, I just put it on my shirt just to evoke that. Evoke,

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is it invoke or evoke? Regardless, it's some voke. Voke the conversation so I can go really,

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hypocrite much? You already own an annuity at least one it's called social security the best inflation

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annuity on the planet. But I'm digressing a little bit we're going to get to the point after this

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So how much does a fixed annuity cost son? Just tell me to call son don't get to all

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that jiberty jab that you always do. Just how much does it cost? Just tell me how much does it cost.

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You see, this is why I'm starting to get gray hair. This is why I've got these

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little These aren't cro like turkey feet. You know, that's that question's insane,

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but I'm glad you asked it. We have to drill down before you can ask that. Okay, two questions.

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

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to start? What's the cost of it? Tell me what you're trying to achieve. If it's lifetime income,

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tell me the exact exact monthly income you're looking for and I can tell you that

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exact cost. Does that make sense? You just can't broadly say, "Well, what's your best restaurant,

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son? What do you eat? What's your what's your cuisine? What's your best car, son? How much you

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want to spend?" "What's your best shoe? I want you best shoe in the in the whole building. Are you

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going out? Are you a cowboy? Are you an athlete? What are you? Get granular player. You have to be

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not specific. Big C. That's a notion. Specific. You have to tell us the details so that we can go

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in and solve the problem. Why? Why do I say that? Because annuities plural are contractual. They're

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commodities. You shop all carriers. If you go to my site at theannuityman.com, you can run quotes

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to your heart's content 24/7. In fact, we should have a we should have like this this competition

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where we lock people in the room and see who can run the most quotes before they pass out and the

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winner gets a million dollars. I would love that. I would love no food and you have to have to wear

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a diaper because you're going to wear one anyway in the future. But just just think about

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that. You got a room full of people wearing depens and running quotes all day long and there's no

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filtration center system. It smells in there. You know, all we're feeding you is water and that's

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all you're doing is running quotes. That'd be worth a million dollars to me. I got to run

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that by my wife and I'm sure she'd say yes. I love that idea. That's not a That's not a crazy idea,

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Stan. That's not a crazy idea at all. So, what's a fixed annuity cost, son? Well, you got to tell

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me what you're doing. Remember, annuities solve four different things. Principal protection,

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income for life, legacy, and long-term care. Now, there insurance there's there's long-term

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care annuities. That's a health insurance product, but they solve for long-term care. But primarily,

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you're looking at principal protection and income for life. That's what most people are solving for

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contractually with annuities. The acronym is pill. You ask two questions. What do you want the money

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to contractually do? When do you want those contractual guarantees to start? So if Ernie

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asked, "What's fixed annuity cost?" I'm gonna say, "Well, okay. What do you want the money to

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contractual do?" Well, I'm thinking income, son. Great. When do you want that to start,

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Ernie? I'm thinking maybe maybe six months from now. Okay, great, Ernie. How much money are you

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thinking about placing into the quote? Or how much money are you trying to solve for on a monthly

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basis? We could do it either way. And then from there, I can tell you how much it costs. Well,

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if Ernie comes back and says, "You know what? Me and the MS need about $500 a month about

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six months from now for for the life of the for as long as we're breathing." Well,

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if you could do that, son, tell you what, you're coming to the Thanksgiving dinner. Great. So,

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$500 a month, six months from now, I can tell you to the penny what it's going to

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cost to contractually get there for both you and Eunice. And if you and Eunice die in the truck,

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then 100% of any unused money goes to the list of beneficiaries of the policy. The evil annuity

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company doesn't keep a penny. So, what's a fixed annuity cost? Tell me what you're trying to

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achieve. Tell me specifically what you're trying to achieve. I had a guy the other day say, "Well,

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always I like that voice, by the way, is my like my uncle Max that went that came to the to

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the family reunion with belt and suspenders on just in case." And he still saw his butt crack

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when he I mean, you still he needed like double belt, double suspense. I mean, it was it was

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like it was... it ruined dessert, you know? But the guy the guy the guy called me and said,

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"Can you do it to where it's on my birthday, May 21st? That'd be what, 16 months from now?" I said,

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"We can hit it on the on the nugget. Absolutely, we can do that. These are contracts. These aren't

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nebulous pie the sky." Well, maybe it'll happen. Well, there's a possibility it'll happen. No,

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it's going to happen. It's going to happen exactly like you tell us. And then 30 days from when the

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income starts in that May for this guy, we're going to call you and go, "Hey, Fred, you still

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want the income in May that we talked about two years ago?" Well, you guys remember that? Yes,

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we're professionals. Yes, we do remember that. Everybody in my office is licensed. Nobody in my

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office is on commission. We're not hammers looking for nails. Their bonus, which is very hefty,

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if you look at our parking lot, you're like, "Holy crap". It's based on customer satisfaction,

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not product sold. So, they're going to make sure it hits when do you want it to hit. So, what's a

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fixed annuity cost? It costs whatever you want it to cost to solve for the goal you're trying to solve for.

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Here's the problem with that question. If you ask that question to Johnny Apples Seed agent

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down the street from you, they're going to answer it in a myriad of ways and you're going to say,

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"Well, that sounds good. I'm glad I asked that question", but the product that they're going to be

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talking to you about is is is pie in the sky crap. Annuities are contracts. Annuities are transfer

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risk products. You're transferring the risk to the life insurance company that issues the annuity to

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solve for that goal. If it's lifetime income, it's A+ or better rated. No exceptions. Period.

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End of story. What's the ROI on a lifetime income product? No clue. Tell me when you're going to

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die. By the way, death is not a good strategy. You can only use it once. Think about it. So, what's a

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fixing nudity cost? Dumb question. Okay. Make the question better. Make the question more detailed.

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Make the question as detailed as possible to the dollar, to the penny, to the date. And then you

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can go to my site at theannuityman.com. Run the quotes to your heart's content. You can schedule

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a free consultation. Keyword free. We're going to use our ears and mouth in proportion two to

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one. We're going to listen to you. We're going to provide quotes. Or we're going to say to you,

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you know what? You don't need an annuity. I did that the other day. Freaked the guy out.

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Guy calls me up and he goes, "Hey, I'm thinking about another," he was a customer

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already a customer. He goes, "I'm thinking about another annuity, but the property beside

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me just came open. It's a it's a open lot right beside my house." Without hesitation, I'm like,

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"Buy the open lot. Just buy it." You know, I'm a little bit of a miss. Is it missing throat?

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It's not philanthrop. It's missing. You know, most people I like most the lot. I don't probably like

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you buy the I told him buy the lot. He he sends me email today. I'm so glad you asked me told me

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to buy that lot instead of annuity to me. If I'm him, I'm buying the lot. And yes, you can get me

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[email protected]. Do me a favor. Above me spinning clock is a is a kind of a longer form video I did

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on lifetime income that explains how it's priced. It ain't the Fed, son. Just a they're a minor part

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of the pricing, but it explains how lifetime income is priced, why it's important right

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now. That's not a sales pitch. That's a fact. And why you need to at least consider locking

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in life expectancy tables at the time of this taping. My name is Stan the Annuity Man. And yes,

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I do love annuity haters because I get to remind you that you already own one. See you next time.