How Much Does An Annuity Cost – Calculator

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So, Stan the Annuity Man, how much does

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annuity cost? What's the cost of an

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annuity? Boy, what a loaded question. Hi

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there again. My name is Stan the Annuity

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Man, America's annuity agent, licensed

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in all 50 states in Puerto Rico. We're

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going to cover this from a couple of

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angles so that you get the facts when it

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comes to cost. You might be talking

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about what's the cost commissions,

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what's the cost fees, what's the cost

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upfront to put the money in. We're going

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to cover all of that because I'm I'm

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pretty sure I know what you're asking,

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at least all most of you. And if not,

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you can always contact me. But we're

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going to cover all that after this.

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[music]

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So, how much does an annuity cost? Okay,

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it's a pretty good question. Let's look

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at it from the standpoint of you trying

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to solve for something. We always ask

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two questions. What do you want the

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money to contractually do? and when do

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you want those contractual guarantees to

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start? From those two questions and

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those answers, we can determine the type

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of annuity that's going to provide the

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highest contractual guarantee and solve

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for exactly what you're trying to solve

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for and the goal. So, you might say,

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Stan, I want lifetime income. I want it

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to start immediately or I want it to

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start down the road. You can find out

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the cost two ways. You might say, "Stan,

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we need $3,000 a month to fill in that

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income gap to to um complement the

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Social Security annuity we already have,

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best inflation annuity on the planet."

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So, you can go to my site and you can

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run anonymous quotes. You don't have to

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put in your name, email, or phone

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number, but you're going to get real

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quotes. These aren't estimates. These

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are real live quotes. Just put in your

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gender, date of birth, and state of

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residence. If it's joint life, genders,

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you know, dates of birth, and then state

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residence, state of resident. So, you

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run the quote and you can reverse

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engineer solving for that $3,000 monthly

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amount for lifetime income. So, how much

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money will it take to solve? What is the

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cost to solve for that lifetime income

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stream? I always tell people, use the

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least amount of money to solve for the

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annuity goal. I know the sales gods look

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down upon me and go, "Stan, shut up.

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Sell as much as humanly possible." No.

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Use the least amount of money to solve

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for the goal. How much does it cost? You

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could also run a lump sum. You can say,

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"You know what? I wonder what $100,000

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would create turning it on at this

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time." Whether it's now or two years

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from now or 10 years from now, you can

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run those quotes anonymously. So, that's

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cost. You might say, "Stan, what would

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it cost to protect the principal and

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just take the interest out to create X

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amount of interest income?" Well, that's

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a multi-year guarantee annuity. You can

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go to my site. You can again anonymously

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pull that those live rates and run that

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number. That's cost. What's the cost for

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me to lock in that contractual

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guarantee? Some of you might say, "Stan,

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I want it to increase with inflation. I

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want a cost of living adjustment

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increased. What would that cost compared

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to the same annuity without? We can run

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those quotes for you. Now, you might

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also be thinking, Stan, what's the cost?

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I guess fear of missing out. You know,

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the opportunity cost, what's my

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opportunity cost putting in this um

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annuity contractual guarantee and I'm

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not in the markets. You know,

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unfortunately, no one knows, right, what

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that opportunity cost is. What I am

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going to tell you is when you put in

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your income floor and you put in the

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guarantees contractually, you're going

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to be a better investor because you're

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not going to disrupt the investments.

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You're going to have the income floor in

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place. So, in my opinion, having been on

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that side of the ledger with Morgan

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Stanley Dean Wood or Payne Weber UBS in

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a previous life, when the income floor

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is in place, you're a better investor

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because you know the worst time to sell

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is when you're panicking, right? We all

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know those stats. We've all seen those

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stats. So, what's the cost of an

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annuity? I guess another way is what's

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the cost of not having one? What's the

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cost of not having an income floor in

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place? What's the cost of not having

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enough lifetime income?

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What's the cost to your spouse if

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something happens to you and there's not

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lifetime income in place for it to

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continue uninterrupted and unchanged for

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them? What's that cost? Also, what's the

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cost, Stan? What's the commissions?

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Commissions are built in to annuities,

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all annuity types. They're hidden from

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the consumer. I don't agree with that,

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but it's the way it's been forever.

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Okay? They're built in. They're paid to

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the uh agent through the general

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account. It's a net transaction to you.

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You put in 100,000, you see 100,000 go

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to work. You put in 500,000, you see

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500,000 dollars go to work.

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Hey, Stan, what's the cost of an

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annuity? Do you mean fees? You mean like

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additional fees? Well, SPSDs and and QAX

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don't have any fees at all. Multi-year

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guarantee annuities, no ongoing fees

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either. Index annuities, if you bought

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one as a standalone, don't know why you

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do that, they don't have any fees. The

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fees happen when you attach writers.

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Writing on top of the policy, those have

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fees. Variable annuities and registered

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index linked annuities or securities, I

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don't sell them. I don't do that

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anymore. I used to have my securities

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license. Don't anymore. Don't need it.

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They have fees. But the simpler the

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products BSDS and QAX MAS no fees, no

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gotcha fees, no hidden fees, no account

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fees, no nothing. So what's the cost of

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an annuity? We we've covered

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commissions.

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They're built in. Just remember with

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commissions, the more complex the

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product, the higher the commission. The

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longer the surrender charge, the higher

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the commission. Very simple. If you can

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explain it to a nine-year-old, no

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offense to the nine year olds, the

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commission's low. Hey Sam, what are the

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costs?

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the cost of opportunity. I don't know

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that, but you're going to be a better

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investor when you have the the income

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floor in place. Hey, Stan, what's the

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cost of a lifetime income stream at

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$4,000 a month? You can go to my site

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and run that and figure out how much

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money the least amount of money is going

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to take A+ or better carrier to achieve

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that monthly lifetime income goal. So

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cost is multiaceted, right? Is that the

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right word? Maybe. But you know what I'm

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saying?

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cost has many definitions. Go to my site

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theanuityman.com. You can download

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download six owners manuals. You can

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schedule a call with me. You can uh

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email me. I'm available. I own the

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company. We're the biggest cats out

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here. Licensed in all 50 states. Um

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headquarters in Las Vegas. Everybody

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under one roof. We're one roof and we're

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open 12 hours a day. Okay. Do me a

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favor. I did a video on all of the

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technology stuff that we're doing right

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now. It's pretty cool. You know, the CEO

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of of the company, I brought him in.

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He's from Google. He's young. He's so I

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got cowboy boots older than him, but

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he's tearing it up and he's fantastic

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now. He's pro consumer like I am, but he

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understands technology. If you go to my

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site now, you can do online

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applications. That's new. There's an

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avatar, Virtual Stanley. That's what we

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call him, Virtual Stanley. You'll see

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him in the corner. He's got this little,

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you know, it's like a caricature, a

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little cartoon looking guy, but it looks

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like me. You can ask 247 365 questions

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to him. You can schedule a call with me

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if you want me. So, we're giving you

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opportunities to either interact with

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the humans, which I like, or or do it

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yourself, which he likes, my Google CEO

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guy. So, we're giving you the

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opportunity to do both and combine it.

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Um, I do have the best staff in the

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business, but um we are pushing the

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technology envelope and AI is annuity

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innovation. It's also artificial

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intelligence where for us, we are the

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annuity innovators. Even though I still

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do old school videos like this, one

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every single day just to educate and

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entertain you. We do want you as a

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client. Don't be confused. But we want

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you as a client on your terms and your

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time frame. That's the reason we're

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doing the anonymous quotes, the online

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app, but yet you can still get me on a

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call. You can email me. You can watch

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these videos. So, a little old school, a

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little new school. That's a great video

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to watch. So, my name is Stan the

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Annuity Man. We'll see you next time.