Lifetime Income Even on a Ventilator

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Welcome to Shooting It Straight with

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Stan. I am your host, Stan the Annuity

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Man, America's annuity agent, licensed

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in all 50 states. Today's topic is a

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good one. It's the one. It's the reason

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you clicked because you read it and you

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went, "What?" Ventilator annuity

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lifetime income. Yes, ventilator. Like

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you're in the bed in the hospital and

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they got a ventilator on you. So, I'm

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glad you clicked it because the reason I

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did that is to get your attention so we

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can explain to you. I can explain to

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you. We I guess that's my multiple

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personalities what annuities are all

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about when it comes to lifetime income.

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I always say that there's no ROI, return

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on investment. There's no ROI until you

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die. It rhymes and it's good and it

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makes sense. You know, up until you die,

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it's a transfer of risk to the annuity

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company to solve for what's called in

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the business longevity risk. What's

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longevity risk? Good question. It's the

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fear of outliving your money. An annuity

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will pay as long as you are breathing

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even if you are on a ventilator. And the

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reason this hit me, it's kind of sad

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actually. Very, very, very good friend

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of mine. You know, he's a brother. I

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just consider him a brother. Um, his

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father is getting ready to pass away and

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he had to get on a plane and go spend

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the last few days with his dad. Pretty

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sad. and he's sending me pictures and

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and we're keeping up with it. And it's

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it's just, you know, end of life's

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tough, man. That's the reason you got to

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live for the day. And I always tell

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people there's no U-Hauls behind herses,

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which is one of my sayings. And the

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other is, you know, fly first class or

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your kids will. In other words, live for

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the day. But as you know, as we were

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talking, I had him on the phone and, you

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know, he's it's emotional and I was

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thinking, you know, if his dad's on a

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ventilator and live forever, the

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annuity, if he has annuities, I'm

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assuming he does because his his son is

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kind of a a higher executive in the

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business. He's not on the ground floor

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like I am. He's in the ivory towers.

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Then they're going to pay as long as

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he's breathing, as long as he's on a

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ventilator. I would love to know like a

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case study of someone who unfortunately

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is in a coma and has a lifetime income

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annuity and the the family has decided

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not to pull the plug as they

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say under the contract the annuity

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company has to pay as long as they're

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breathing. It doesn't say in there if

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it's assisted breathing. Breathing.

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Breathing's

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breathing. And the reason I think this

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is important is because with 11,000 baby

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boomers hitting age 65 every single

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day, lifetime income guarantees are more

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and more important. They're also more

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important

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because companies don't offer pensions.

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You have 401ks, accumulation type

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products, but most less than 10% of

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private companies offer pension payouts.

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And the ones that are offering pension

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payouts aren't really good. Yeah,

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because we do those comparison quotes

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all the time. If you work for the

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government, state government or very

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good labor union, you might have a good

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pension and good for you. You already

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have the best social the best annuity on

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the planet, social security, which is

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the best inflation annuity ever.

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Ever. So, you already have one. You

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might have two if you have a

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pension. But I want you to put the value

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on breathing.

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I put a value on breathing. And if we're

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not breathing, we're dying, right? If

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we're not breathing, we're

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dead. But the annuity company says, "We

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will pay you as long as you are

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breathing." Now, what drives me crazy is

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when people are trying to look at

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lifetime income products. There are four

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major types in the annuity industry.

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Single premium immediate annuities,

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acronym,

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SPIA. Deferred income annuities, acronym

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DAS, which are just immediate annuities

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that you defer. qualified longevity

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annuity contracts, QAXs, which are DAS

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that you can use in your traditional

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IRA. And then income writers, all

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four provide a lifetime income stream.

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All four will pay as long as you are

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breathing. If you set it up joint life

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and it's joint with 100% survivor, as

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long as one of you is breathing. So if

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one of you dies, the income continues

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uninterrupted and unchanged for the

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second person.

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But

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breathing if I was annuities are for the

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day and I should be and maybe I will be

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one day and if it and if that happens

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then things will

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change. I would have ads that run

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annuities breathing. If you're breathing

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the annuity will pay as long as you're

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breathing. People understand that.

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Forget all the shiny things and upfront

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bonuses and all that nonsense and shiny

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things that that agents fixate

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on. If the annuity industry would just

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say, "As long as you're breathing,

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you're going to get paid." And we can

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structure that payment so that when you

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stop breathing and you

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die, then whatever money is left in the

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account goes to the beneficiaries. Let

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me say that again. We can structure it

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so that the annuity company is

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contractually obligated and on the hook

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to pay as long as you're breathing and

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on a ventilator, but when you pass, if

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there's money left in the account, it

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goes 100% to the beneficiaries listed on

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the policy, not the evil annuity

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company. So, enough of that nonsense. I

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never buy an annuity because the company

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keeps money when I die. Please stop

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talking. I'm getting dumber listening to

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you, okay? I'm losing IQ when you say

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stuff like that. Don't say that. Because

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you don't have to structure it that way.

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You can structure it so you can almost

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have your cake and eat it too. I love

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cake. Can't have it because of the

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sugars. But the point

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is

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breathing. I always make fun of as long

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as you are

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breathing. But it hit me in a weird way

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kind of a tragic way when my friend's

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father is passing away. Boy is he a

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tough ombre from Texas. Tough. Not

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taking any pain meds. Tough. Love it.

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But if he's on a ventilator, that

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annuity is going to pay. The benefit

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proposition of lifetime income is the

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word life. As long as you're alive, it's

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going to

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pay. I think as people, you know, COVID

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was a wakeup call for all of us. But I

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think as people get

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older, they're going to look at income

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and the guarantees for

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income in a more favorable light. The

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fact that the annuity industry hasn't

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pounded this into the table on on the

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table and made people think about

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annuity equals lifetime income.

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Annuities equal breathing. Yes, there

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are other annuity types that do other

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things, but at the end of the

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day, when you go into chapter two of

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your life, you need income. You need an

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income floor. Social Security, rental

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income, dividend income, pension income,

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annuity income.

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The other thing too about lifetime

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income annuities or annuities as long as

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you're breathing ventilator annuities,

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however you want to talk, I might have

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to come up with

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ventilatories be great pressure.

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Um, when you think of it like that, it's

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pretty it's pretty simple the

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thought and that's the way I need you to

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think about it. Now, obviously, we shop

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all carriers for the highest contractual

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guarantee. You know, we lock in the

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guarantee. We take you through the

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application process. It's going to hit

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the bank as long as you're breathing.

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You know that income when you want it to

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start. And we can show you all the

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machinations and choices and and

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carriers and all of

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that. And we can walk you through that

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in a very simple fashion. But what I

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want you to do is break it down even

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more simple than that. And when you look

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at your spouse and they go, "Why in the

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world are we buying a um an annuity?" is

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because you say, "Listen, even if we're

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on a ventilator, it's going to pay."

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Here's the other thing that is hard for

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a lot of us people out here that

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consider ourselves a personalities and

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and IQ have some

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IQ.

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Um, there will come a time

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that we will not be hitting on all

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cylinders

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cognitively. You know, I always say

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there's three phases to retirement. Go,

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slow, go, and no go, right? A lot of us

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are in go- go. The people that in slow

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go, some of them think they're still in

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go- go, but they're not, and they're

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deteriorating mentally. But the good

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thing about turning on lifetime income

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stream and and transferring that risk to

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an annuity company to pay for as long as

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you're breathing andor on a ventilator,

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is that it's turnkey. And there will

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come a point if we live long enough, all

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of us, that we will need that income to

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be

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turnkey. or if your master of the

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universe Gordon Gecko out

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there that your spouse doesn't care

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about stocks or investments, you're

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going to have to set it up for for them

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when you aren't hitting on all cylinders

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because they don't want to do the stocks

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and the butterfly spread condor option

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strategies you're doing. Okay? So, I got

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your attention here. I got your

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attention by saying the word ventilator,

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but I did that for a reason. is so that

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you won't go down the analytical rabbit

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hole of trying to figure out, well, is,

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you know, is a is a mutual fund or an

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ETF better than a lifetime income

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product? Garbage, apples and oranges?

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And I I laugh out loud at some of the

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smart people that that write articles

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that I saw one recently. The guy on my

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podcast was like, "Is a QAC a good

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deal?" You're damn right it's a good

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deal. If you live if you live forever,

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it's a really good deal. But they are

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making the classic mistake of comparing

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it to investments. And if you'd have

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done this in the hypotheticals and the

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projection. No, no, no, no, no, no, no,

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no, no, no, no, no. I did that in kind

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of a rhythm if you caught that. It's

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about how long you're

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breathing. And even if it's assisted

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breathing through a ventilator, the

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annuity company will pay. Food for

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thought, oxygen for thought, breathing

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for thought, lifetime income for

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thought, transfer

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risk. It's real simple. Don't make it

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difficult. Go to my site at

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theanuityman.com. Schedule a call. You

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might get me. Wouldn't that be fun?

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Wouldn't that just be a hoot out there?

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Because, you know, I'm going to shoot it

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straight. As my grandfather said, you

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know, if you if you tell the truth, you

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don't have to remember anything. That's

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the heck, that's our business model.

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Someone asked me the other day, "What's

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your business model?" Tell the

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truth. Sounds crazy, right? But it works

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and that's what we do. Are we perfect?

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No. But we tell the

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truth. I mean, you can you can just bank

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on that all day

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long. And with

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that, let's let's get together next

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week. Same time, same place, same title,

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shooting it straight with Stan. I'm Stan

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the Annuity Man. See you next time.