If You Love a SPIA, Say Hello to a DIA

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Hey there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states. Today's topic is

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if you love a SPIA, then say hello to

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ADIA. So, what's a SPIA and a DIA? All

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these acronyms, SPIA, single premium

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immediate annuity, DIA, deferred income

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annuity.

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They really are the same exact

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structure. I mean, so a SPIA, single

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premium immediate annuity, is for when

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you want to start income within 30 days

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up to a year. Okay. Well, Stan, I want

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it to start in seven months from now.

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Okay, great. That's a SPIA. Stan, I want

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start in 10 months from now. Okay,

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great. That's a SPIA. And you can run

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those quotes at our site,

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theanuityman.com. You can run SPIA

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quotes to your heart's content. Hundreds

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of thousands of quotes are run every

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single month on our site. Hopefully

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we'll get to the million mark and you

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know we'll have like a little bell go

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ding ding ding ding. But I mean every

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month it just grows like crazy. But if

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you say I need a lifetime income stream

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stand but I need it to start in two

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years or four years or 14 months. Once

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it crosses that year Rubicon annuity

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rubicon a spia magically magically

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turns into a deal. Now, don't ask me why

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the smart people in the annuity annuity

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industry room that for whatever reason

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lost my number that time they were

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meeting about SPAS and DAS um didn't

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call me. But that's the way it works.

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So, you can't say I really like SPAS,

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but DAS, I don't know about that. Same

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thing, Chester. Okay. So, it really just

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comes down to when you want the income

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to start. Now let's talk about because

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SPAS and DAS single premium immediate

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annuities and deferred income annuities

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are the same exact structure. Easy for

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me to say. Let's talk about that

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structure. Okay, first of all, no moving

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parts, no annual fees, no market

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attachments,

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straight transfer risk. You're saying to

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the annuity company, pay me for as long

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as I'm breathing or as long as me and my

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spouse spouse are breathing if you set

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it up joint life regardless of how long

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we live.

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Period. End of story. Now, you can

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structure it 30 different ways on the

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back end. Meaning that, hey, Stan, I

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don't want the money to go poof when my

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ljet hits the mountain or my bass boat

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hits the tree. Okay? I don't want that

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to happen. We can structure it so it has

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a cash refund or installment refund or

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20-year period certain. We can customize

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the SPIA and DIA quotes. And you can see

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that on my site when you run the quotes.

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But remember remember annuity companies

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have the big buildings for a reason.

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They're forprofit. There's no

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philanthropist there. They're pure ugly

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capitalist. Okay. The only reason that

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people say, "Well, you know, why are why

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are annuity companies and life insurance

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companies that issue annuities so

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strong?" Because they know when you're

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going to die. Property and casualty

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companies don't know when the

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hurricane's going to hit. I can say that

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because I live in Florida at times and

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when the hurricanes roll in, I roll the

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heck out. Okay, I go to my office in Las

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Vegas. It's our main office and I say,

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"Hey, you know, that hurricane's going

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to really knock out my house." Which is

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fine. You know, houses, who cares? The

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beach is going to take it back

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eventually, right? Of course. So, SPAS

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and DAS, very simple products. Very

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simple products. And commissions. Let's

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talk about that ugly word. how you

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getting paid making all this money.

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Here's how it works. All commissions

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with annuities all all are built into

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the product. So, you don't see it. But

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because they're so simple, because you

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can explain it to a nine-year-old, no

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offense to nine-year-olds, the

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commissions are very, very small, but

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it's a net transaction to you. So, if

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you put $100,000 into a SPIA or $100,000

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into a DIA, you're going to see $100,000

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on your statement, even though we got a

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little bit of money so I could buy my

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wife more clothes and shoes. She's very

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good on the shoe part. So, really, I'm

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talking about big- time shoe game. Big

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big- time shoe game. But, Diaz and Spas,

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it really comes down to when you want

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the income to start. Now, here's a good

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question you just asked. I heard the guy

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somewhere in Pakipsky just asked me this

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question. Never been to Pepski, but I I

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like the name. Hey, Stan, what happens

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if I'm deferring, okay, and I die before

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the income starts? Does the evil annuity

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come to keep the money? No, because we

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will build in what's called a return of

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premium, RO, return of premium if your

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LJET hits the mountain. So, let's just

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say you bought a D. It's going to start

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in four years. Year three, your Ljet

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hits the mountain. What happens to the

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money? What happens to that 100 grand?

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That 100 grand goes to your list of

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beneficiaries of the policy evil annuity

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company doesn't keep any of it. Now is

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is is our whichever English class you

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took is are there any is there any

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interest that's been acred during that

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time period? The answer is no. Okay. The

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answer is no. So you're deferring for

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for four years in this case with a DIA

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or you're deferring for seven months

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with a SPIA. There's no acred interest.

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Okay. what they're doing in the pricing

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of the product is primarily, listen to

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me, you fed hawks out there, you fed Fed

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freaks, it's not about interest rates,

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it's about life expectancy. Do interest

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rates play a minor role? Yes. But it's

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about life expectancy. And remember with

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SPA and DAS, the older you are, the

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higher the payment, just like social

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security. So if you love SPA, say hello

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to my little friend called DIA. They

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both work the same because they're the

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same product and the same structure. The

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only difference is when you want to

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start the income. Hey, if you want to

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check it out, you can get owner's

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manuals on both products that I've

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written personally in the dark room in

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the basement of my house. There is no

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basement in Florida, but the basement

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alleged basement. And you can download

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those. You can run quotes. You can watch

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videos on those products. But contact

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us. We're not a hammer looking for a

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nail. We're edutainment company that

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sells a bunch of annuities, but only if

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they're right for you. My name is Stan

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the Annuity Man. See you next time.