Retirement Annuity Contract

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Hi there, Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states of Puerto Rico. Today's topic

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is retirement annuity contract. What is

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a retirement

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annuity contract? That's pretty loaded

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question, but uh I'm going to break it

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down into the details that make sense to

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you after this.

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[music]

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So, first of all, when we talk about a

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retirement annuity contract, all

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annuities, and there's eight to 10

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different types, depending on how you

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count them, um, they're all contracts.

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They're contracts issued by life

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insurance companies that issue the

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annuities. So, you're buying a contract

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and because of that, you should only

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base your decision on the contractual

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guarantees. Own an annuity for what it

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will do, not what it might do. And the

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will do or the contractual guarantees.

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So retirement annuity contract to most

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people means lifetime income. Annuities

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solve for four things. The acronym that

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I've come up with is pill. Easy to

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understand. Pill, P I L. P stands for

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principal protection. I stands for

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income for life. L stands for legacy.

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The other L stands for long-term care.

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Most people think of a retirement

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annuity contract as a lifetime income

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contract. So you're getting paid a

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pension type payment for as long as

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you're breathing or if it's joint life

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for as long as one of you is breathing.

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And we can structure it so that 100% of

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the money does not go to the annuity

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company. It goes to your family if

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something happens happens to you early

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in the contract. But if you live forever

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and draw the account down to zero, the

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annuity company's on the hook to pay.

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So retirement annuity contract to most

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of you is going to mean lifetime income.

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Income can start as soon as 30 days from

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the contract or you can defer it out 10

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15 years if you want to. That can also

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be a retirement annuity contract. Again,

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two questions. What do you want the

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money to contractually do? When do you

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want those contractual guarantees to

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start? From those two answers that

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becomes your retirement annuity

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contract. There's also a a product type

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in the annuity world called a MIGA,

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multi-year guarantee annuity. That's

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like a CD. I call it I actually call it

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an annuity bond due to my days at Morgan

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Stanley UBS. Payne Weber and Dean Witter

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is it acts like a bond. It's a it's a

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piece of corporate paper in my opinion.

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So, you're buying a a guaranteed

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interest rate from an annuity company

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for a specific period of time. Functions

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like a CD, looks like a bond. That could

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be a retirement annuity contract for

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principal protection.

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And then you have your retirement

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annuity contracts for lifetime income.

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There's four products that offer

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lifetime income, you know, payments for

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as long as you're breathing. Immediate

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annuities, deferred income annuities,

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qualified longevity annuity contracts,

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and income writers. Those are retirement

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annuity contracts for lifetime income.

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You can have a retirement annuity

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contract for legacy. You can have a

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retirement annuity contract for

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long-term care. What you can't have is a

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retirement annuity contract for growth,

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like market growth. Even though

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most agents will try to sell you those

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those products, a RIA, variable annuity,

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index annuity, and they'll talk about

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market growth. Never buy an annuity for

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market growth. Never buy an annuity for

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market growth.

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You're buying it for the contractual

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guarantees only. If you want market

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growth, then go to the market. You don't

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need an annuity.

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The sales pitches sound slick. Well, you

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can protect the principle and get market

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returns. Come on, man. Come on now. If

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your advisor is pitching that, then I

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would say to the adviser, do your job.

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Your job is to manage my money for real

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growth, not to sell me a freaking

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product that doesn't have any

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guarantees, just has hopes. If I'm going

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to do hopes, let's go over here and hope

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for the best with complete upside. By

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the way, industry hate mail

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stantheanuityman.com.

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Bring it. There's a reason that the

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annuity industry is only a $400 billion

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industry. Should be a trillion or two

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trillion dollar industry when you have

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15,000 baby boomers retiring every

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single day. And for whatever reason, the

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annuity industry is trying to sell

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growth when we should be selling

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contractual guarantees. We have a

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monopoly in the industry. The retirement

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annuity contract that we should be

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talking about solely is lifetime income.

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The retirement income, the retirement

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annuity contract that people care about

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is a pension lifetime income. Why?

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Because only 9% of the people have one.

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The other 91 have to figure it out. And

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oh, by the way, who has the monopoly on

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lifetime income? The annuity industry.

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But no, no, no, no. We're gonna talk

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about growth and hypotheticals and

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bonuses. It's like sometimes you see

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what politicians do and you go,

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"My god, what were they thinking?" It's

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the same in the new industry. It's like,

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"Oh my gosh, what are we thinking?

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We have a monopoly on lifetime income,

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yet we don't talk about it. There's only

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one person out here talking about

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retirement annuity contracts for

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lifetime income and yelling at the top

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of his lungs and that's me. People need

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an income floor. People need guaranteed

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income. People need income that they

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can't outlive. The retirement annuity

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contract they want is a pension type

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contract. The retirement annuity

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contract they want is like the one they

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have with social security. The

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retirement annuity contract they want is

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like the one that the 9% of the people

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have with their pensions with their

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employers. That's what people want.

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Retirement annuity contract equals

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lifetime income in most cases.

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Retirement annuity contract for lifetime

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income is primarily based on life

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expectancy or life expecties if it's

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joint life, not interest rates. You're

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transferring the risk for the annuity

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company to pay you for as long as you're

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breathing and or on a respirator.

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It's a good deal. Not only is a good

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deal, it's something you need. Except

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for a small percentage of the ultra

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rich,

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everyone else needs lifetime income.

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Not some, everyone.

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And if your advisor saying, "Well, don't

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buy an annuity from Stan. Just let me

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manage the money and let's take 4% out

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in gains every year." That person's a

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fraud.

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They're an idiot. They have no idea what

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they're talking about. And all it tells

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me is they've never really seen a down

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market. Because in a down market, when

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the markets are down 20 to 30%, you

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still have to take out your 4%, right?

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That math doesn't work. Retirement

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annuity contract. Yeah, we have them.

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But we have them only based on the

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contractual guarantees. And we shop all

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carriers for the highest contractual

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guarantee for lifetime income. And the

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ratings have to be A+ or better. It's

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that simple. You can do it at my site,

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theanuityman.com.

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Go there, download the books, watch

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videos, schedule a call with me, send me

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an email, stantheanuityman.com.

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One last thing, I did a video on how

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annuities can protect and help help

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families. I gave some specific examples

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on how I use it with my family, my my

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two daughters who at the time of this

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tape are 30 and 28 and my wife, not

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going to give her age, but we've been

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married 38 years, but everything is set

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up and I've done it contractually with

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annuities. It might be something you

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want to think about as well and and

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connect with me.

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My name is Stan the annuity man.