Stan The Annuity Man: Happy Birthday To QLACs

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[Music]

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foreign

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with annuities where every single week I

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welcome a celebrity guest expert that

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can help you maximize chapter two of

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your life listen learn laugh and love

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every minute of the most unique

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Financial podcast on the planet let's

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get to it

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[Music]

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welcome to fun with annuities I'm your

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host Stan the annuity man America's

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annuity agent licensing all 50 states

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out there in the Hinterlands

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we can take care of you at the annuity

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man main office in Las Vegas Nevada I

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also have an office in Florida offices

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everywhere we're just here to help and

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uh be Pioneers into direct to Consumer

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annuity sales

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but you know as you know if you watch me

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watch my videos or read my blogs or read

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my books I'm an edutainer first I

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educate everyone entertain them at the

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same time my fun with annuities podcast

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has been

1:10
a blast over the last few years when

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since we've we've done this and you know

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my PR people you know they talk like

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this and they're like we really need to

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have guests on Stein and I typically do

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90 of the time have guests on but when

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I'm talking about a a specific topic I

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try to bring in

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the number one expert in that topic now

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that some of the time isn't me

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huh what

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um but in this case

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um I needed to do a happy birthday cue

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like that's the topic happy birthday to

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culax qualified longevity annuity

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contracts and who's the number one

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expert in qlex on the planet

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it would be me thank you very much

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clap clap clap for stand the annuity man

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and the reason I am that person is I was

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around in 2014 when qualified longevity

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annuity contracts were first introduced

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by the IRS yes those are our friends nod

2:11
your head

2:12
and the department of the treasury who

2:15
came out with a culac

2:17
which is a

2:19
tap on the shoulder nicely by our

2:21
government to say hey uh Hey excuse me

2:24
um yeah that's Social Security payment

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that's not supposed to be the only

2:28
lifetime income stream that you have

2:31
so why don't you can you know we're

2:33
going to allow you because we're so nice

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to use your qualified assets traditional

2:37
IRA type assets

2:39
to purchase a lifetime income stream

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which are culax now I contemplated early

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should I sing Happy Birthday to qlex now

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or should I sing Happy Birthday to qlex

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at the end I'm not sure if that's a

2:55
tease to keep you I think if you heard

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that two things if I sang it now which I

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might you might do okay that's it click

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and you're out of here but you might be

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anticipating the voice the velvety

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smooth voice of Stanley nude man singing

3:10
happy birthday to qlex you might just

3:12
hang in there for that right so you know

3:14
what just because of that

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um

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you know and Tony Bennett who I love

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Tony Bennett who passed away recently

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had that smooth Voice singing you know

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he could sing a really good hat maybe

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I'll do my Tony Bennett version of Happy

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Birthday to kelax but nine

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I think it was 2014 so nine years ago at

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the time of this taping check the date

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player at the time of this taping nine

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years ago ish

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culax were introduced to the world and

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at that time

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I was excited because I love simple

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products I love Pro consumer products I

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love products at work I love products

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that are contractual I love products and

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strategies

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that only focus on the will do and

3:57
they're all there aren't any might Do's

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unicorns chasing the butterflies Mr

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Jones if you know 10 years ago you've

4:03
got market returns no culax are straight

4:07
transfer of risk products now

4:10
Social Security was never put on the

4:13
planet to be the sole source of income

4:18
for adults this never was but for the

4:21
vast majority out there it is now if

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you're watching this podcast you're

4:25
probably trying to figure out what a cue

4:27
like is or you're celebrating with me

4:30
the birthday the nine-year-old birthday

4:32
of qlex now when qlex first came out I I

4:35
literally was so excited I was in

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Chicago at the time

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um I I stayed an extra couple of days

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and started my first owner's manual on

4:43
qlex at that time now of course I have

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six additional owners manuals and I have

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a book called The annuity stanifesto and

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all those you can get on my site at the

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annuityman.com but I really thought at

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that time that and I still believe this

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that culax will eventually be the number

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one annuity type sold

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period to all people now I predicted

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that it would be in a couple years now

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what I forgot is I'm one of the few

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agents out here that doesn't look at any

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type of commissions built-in commissions

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I just look at what's the best solution

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for you so because of that I'm thinking

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hey Helix are a great solution most

5:19
people most of their money's in

5:21
traditional IRA type form you know you

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have the 401ks the defined contribution

5:25
plan not many companies do Define uh

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benefit plans which are pensions and

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give you the gold watch and the payment

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for life that doesn't happen a lot

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anymore in fact less than nine percent

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of the companies out there private

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companies do that anymore now if you

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work for the government a good trade

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Union or whatever labor union might have

5:41
a pension in place but most people do

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not so you know annuities as a category

5:49
and there's multiple types of annuities

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it's the only category that a vast

5:53
majority of the product types provide

5:55
lifetime income as long as you're

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breathing and or on a ventilator so as

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long as you're breathing and on the

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planet it's going to pay now qualified

6:04
longevity annuity contracts getting back

6:06
to my original Dream and prediction that

6:08
it would be the highest selling annuity

6:11
type on the planet it really should be

6:13
and in a perfect world where Stan the

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annuity man is the annuity Czar which

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means that has no Russian connotations

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it means that

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I run the whole annuity show I run the

6:24
whole I oversee everything carriers have

6:27
to come to me agents have to bow down

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and and oh by the way and guess what all

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annuity types have the same low

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commission level all so you want to you

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want to flush the toilet as they say for

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good and get rid of the nonsense bad

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chicken dinner seminar crap sales

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pitches have all annuity types and I'm

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talking about Spears Diaz qlex

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um index annuities variable annuities

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migas whatever all of them have the same

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low commission what if all of them had

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the same built-in low commission of one

6:59
or two percent what if

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what if I had six-pack abs what if I

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could run a marathon what if I could

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clamp climb Mount Everest you know in

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shorts you know it's not going to happen

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the the you know the annuity types all

7:13
having the same commission but if it did

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qlax would be the number one seller why

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good question I'm so glad you asked that

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I can't believe you just interrupt me to

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ask that but the reason you did is you

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wait a minute Stan why would kill ax

7:25
be so popular well it's it's numbers

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it's straight demographics with 11

7:32
000 people turning age 65 every single

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day at the time at this taping it's

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probably by the time you're watching

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this it's probably twelve thousand

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there's a lot of people out there that

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are looking for guaranteed lifetime

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income guarantees in general but they

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need more income in in addition to that

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Social Security payment that they're

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getting well because most people and

7:52
most of their assets are in Ira

7:54
qualified type uh plans you know 401ks

7:58
you can roll that into an IRA Etc IRAs

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you're going to have to take part of

8:03
that IRA and convert it into a lifetime

8:07
income stream or if you don't want to do

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that regardless of whether you want an

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income stream from your IRA or not at

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the time of this taping age 73 the IRS

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Taps you on the shoulder and says oh by

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the way three letters rmd and you go I

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don't know what rmd is it says RPM no

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sir rmd and rmd is required minimum

8:27
distribution and what that is is the IRS

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tapping you nicely on the shoulder not

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like this not like

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no they're like this

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hey um hey we're the IRS and um you've

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been deferring taxes all this time these

8:41
rmds you're going to have to start

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taking them at the time of this taping

8:44
age 73 and you're gonna have to take the

8:47
money out regardless whether you want to

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or not now some people argue with me I

8:51
call that a forced annuity because it

8:53
really is they're forcing you to take

8:55
payments on an annual basis which leads

8:58
us back to qlex qlax

9:01
have something to do with the rmds qlax

9:04
at the time of this taping and I'm sure

9:06
it's going to change because our

9:07
Congress keeps raising the limit to try

9:10
to attract you to buy one at the time of

9:12
the statement you can put in two hundred

9:13
thousand dollars per person so if you're

9:15
if you I'm talking to the males out

9:18
there okay or the females I'm talking to

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you if you have an IRA you can put 200

9:22
000 in if your spouse has an IRA they

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can put two hundred thousand dollars

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in a q lag okay now why would you do

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that if

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the Dual acts allow you to defer income

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starting at a future date now the IRS

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rules currently in place say that

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you can defer as far out as age 85 you

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don't have to go as far out as age 85 a

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lot of people I've never bought Q whack

9:50
because I don't want to defer that far

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out to age 85. and I can tell by the way

9:55
I can talk seven because I'm from North

9:57
Carolina I know how to do that so don't

9:58
get mad no letters and emails please

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okay so but you can start it sooner than

10:03
that but this but once again IRS loves

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to tap you on this show there so if you

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get if you buy culac by 885 tap tap tap

10:12
tap you gotta take income from it at

10:15
that point in time so a lot of people

10:17
use it for for reasons like

10:19
to hedge future inflation please don't

10:21
let inflation live in your head for free

10:23
living your brain for free nobody knows

10:25
what's going to happen with that but

10:27
this is a way to combat it because

10:28
you're going to get more money coming in

10:30
okay but there's really in my opinion

10:33
there's three reasons that you need to

10:36
consider buying Aquila okay and I'm

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going to talk about the limitations in a

10:41
minute as well the first reason is

10:42
future income like I just said you can

10:45
put in 200 000 that time of this taping

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and you can defer out as age 85 or you

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could ladder you could take half and

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start it at age 78 and the other half

10:54
started age 85 those are things that we

10:55
need to talk about go to my site at the

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annuityman.com schedule call you might

11:00
get me so the first way is hey future

11:03
income the second reason you would

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consider it

11:06
would be

11:08
you know my spouse is put up with me all

11:11
this time and put up with my craziness

11:12
and my eccentricities

11:15
and you can add that spouse for joint

11:17
lifetime income meaning that when you

11:19
die

11:20
when you die and your wife cries for at

11:23
least a day or two

11:24
then they're going to get that lifetime

11:26
income stream from your IRA hello Legacy

11:29
anyone

11:30
l-e-g-a-c-y Legacy

11:33
and your spouse deserves it and I'm

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talking not only the males that's

11:37
treated their wives like crap I'm

11:39
talking about the wives out there that

11:41
treated your mouth like crap your

11:42
husband's like crap you know who you are

11:44
stop hiding

11:47
so once again two reasons first reason

11:50
lifetime future income in the starting

11:53
at a future date lifetime income as long

11:55
as you're breathing and on a ventilator

11:58
that's a ventilator

12:00
it still Pain still pain okay because

12:03
the ventilator's on as long as you're

12:05
breathing it's still pain

12:06
the third reason that you would buy a

12:09
Cula the third reason not the first the

12:12
Third

12:14
is that that two hundred thousand

12:16
dollars

12:17
is not included in your required minimum

12:20
distributions AKA rmd calculations give

12:24
you an example let's just say you have a

12:27
five hundred thousand dollar IRA and you

12:30
bought a two hundred thousand dollar

12:31
culac

12:32
and 73 in in that 200 000 here is going

12:36
to see me and you had the discussion

12:37
it's going to start at age 80 and you're

12:40
now 73 and you got to take a requirement

12:42
of distributions

12:43
okay so you have a five hundred thousand

12:46
dollar Ira you bought a two hundred

12:47
thousand dollar culac when you go to

12:49
calculate your required minimum

12:50
distributions

12:53
you're only going to be paying rmds on

12:55
300 000 not the 500 000 because the two

12:58
hundred thousand dollar Q like is not

13:00
included in those calculations

13:02
how about that a legal way legal

13:07
l-e-g-a-l for some politicians out there

13:09
that don't know how to spell that legal

13:11
luck way to lower your taxes or tax

13:16
liability

13:17
on those Ira assets and the rmds that

13:20
you have to take and what are the rmds

13:22
it's a forced annuity I'm glad you

13:23
remember that because I pointed that out

13:25
earlier and there will be a test later

13:27
so once again let's do a middle order

13:28
the three reasons to buy or consider

13:31
buying a q lack qualified longevity

13:34
annuity contract number one future

13:37
income to combat inflation and so you

13:39
can spend more money and live life to

13:41
its fullest in chapter two of your life

13:42
number two you can add your spouse as a

13:45
joining new attempt meaning they're

13:47
going to get paid as long as one of you

13:48
is breathing and you deserve to add them

13:51
to the to that because they've been

13:52
putting up with your rear end both male

13:54
and female out there forever you owe

13:57
them that and then the third reason is

13:59
the tax savings because that amount that

14:02
you put into a q lag right now at the

14:05
time of this taping 200 000 is not

14:07
included in your rmds require minimum

14:10
distribution calculations now here's the

14:13
part where I pause I take a breath

14:16
I reflect upon life and how good it is

14:18
and then I peel back right to you and I

14:20
look you straight down and go here's the

14:22
reason here's here's the reason you

14:24
don't buy a culi

14:27
do not call me and say

14:30
um for the tax savings

14:33
wrong wrong I'm not gonna let you do

14:35
that do not let anyone do that I can't

14:37
imagine you buying a cue like from

14:39
anyone else but me anyway but let's just

14:41
say your brother-in-law's in the

14:42
business he's like hey Jimmy back you're

14:45
like grab me I need a car payment I mean

14:47
if you're going to do that I mean don't

14:49
buy it for the taxi the tax savings that

14:52
200 000 that you're not using to include

14:55
in the rmd calculations that cannot be

14:58
the first reason you buy a culat once

15:00
again first reason future income second

15:02
reason joint the spouse can be added as

15:06
a joint annuit annuitant means payout

15:08
person

15:09
so as long as if you die they get the

15:11
income continue uninterrupted and

15:13
unchanged but the third reason in order

15:15
ranked are the tax savings

15:19
or are we clear as they said in a few

15:21
good mid crystal crystal clear crystal

15:25
now

15:27
let's talk about

15:30
kind of the history of these culax for a

15:32
second probably should have done this

15:33
first but you know when I get in front

15:35
of the camera it's a whirlwind it's like

15:38
handing the mic

15:39
to who's your favorite to Elvis Presley

15:42
or someone like that I mean it's just

15:44
magic I just I just go you know it might

15:47
it's a free form of mental acuity

15:50
flowing into the education and into your

15:54
brain so that you can fully understand

15:57
now for the people in the that's

15:58
listened to me on all podcast platforms

16:00
I had some really good hand gestures

16:02
there just imagine the happy hand Squier

16:05
you know it's kind of like that but when

16:08
when culex first came out of course the

16:11
government didn't make it simple even

16:14
though they'd call me and say Stan what

16:16
do you think what do you think how do

16:17
you think we should uh how do you think

16:18
it was instruction I say simple so

16:20
simple that a nine-year-old could

16:22
understand it that I could explain it to

16:23
a group of second graders no offense to

16:25
second graders or nine-year-olds but did

16:28
they listen to me no they did so the

16:30
first when it first came as a 125 000

16:33
um but the way that you that's the max

16:35
but you take 25 of your Total IRA assets

16:38
and you take the lesser of the two I'm

16:39
oh my God I'm gonna kill myself and they

16:41
so they they love that the government

16:44
loves that they have to be fancy and

16:46
crazy and complicated

16:49
so then whether well you know where we

16:51
hear you stand but what we're going to

16:52
do is we're going to raise it so they

16:53
went from 125 and then it went to 135

16:55
and then when it went to 145 145 000 per

16:59
per person okay well that has an IRA but

17:02
they still had that crazy 25 of your

17:05
Total IRA assets and you need to take

17:08
the the it's it's crazy the lesser of

17:10
the two blah so we had to go through all

17:13
these gyrations finally they listen to

17:17
reason listen to the simplistic nature

17:19
of the standing nudie man Vibe that's

17:21
taking this country by storm when it

17:24
comes to annuities and it's just two

17:26
hundred thousand so if you have two

17:29
hundred and one thousand dollars in your

17:31
IRA you can put two hundred thousand

17:34
dollars into culac and the IRS is

17:36
checking that box they're good

17:40
they should have started there of course

17:42
but you know here's the thing

17:44
when we're dealing with the government

17:45
we have to be happy that they we have to

17:48
be happy no we we should be

17:51
content that they came to the conclusion

17:54
that they should have come to earlier

17:56
instead sometimes the government never

17:58
gets to the simple conclusion they just

18:00
continue to keep it crazy

18:02
and complicated but in this case they

18:04
made it very simple two hundred thousand

18:07
no percentages no adding up just two

18:11
hundred thousand if you have 200 000

18:12
qualified accounts you can buy a cue

18:15
like you don't have to put that much

18:16
money in or you could take a portion and

18:18
you could ladder it you could say okay

18:20
I'm going to take a third of it and have

18:22
income start at 77 and the third have an

18:25
income start at age 80 and a third have

18:27
income started age 85. now

18:31
a lot of you are hanging in there with

18:33
me because you want to hear me sing

18:34
later and I understand that I don't I

18:36
don't blame you for that because I do

18:37
have a very good voice okay but let's

18:40
talk about the downside of culax the

18:43
downside of qlex because yes all annuity

18:46
types have downsized I know you're like

18:47
no way I went to this bad chicken dinner

18:51
expensive steak dinner seminar and

18:53
everything that agent told me about

18:55
annuities sounded great

18:57
foreign

18:58
don't get me started that's the reason I

19:00
wear people always say why do you wear

19:02
hats well number one I like hats

19:04
baseball caps for people on the podcast

19:05
weren't a light blue Carolina blue

19:07
baseball cap but it's now because my

19:10
hair is getting grayer because I hear

19:12
these crazy sales pitches the the

19:14
downside of a culac it's an irrevocable

19:17
contract not revocable irrevocable

19:23
you're locked in

19:25
you're going to get your payments back

19:27
but there's no liquidity features okay

19:30
you can't call me up two years later you

19:31
know what thing I bought that cue lack

19:34
from you but I my brother is selling his

19:37
boat his Bassmaster boat and I want to

19:40
buy it with the culac money you can't

19:41
you can't do that even though I love

19:43
bass and fishing for bass used to do

19:46
that with my dad a long time ago but

19:47
that's how they all know the story but

19:48
you do those kind of things in the South

19:50
you fish fish for largemouth and small

19:52
mouth bass but typically Southerners

19:55
like to fish for largemouth bass bass

19:57
yes there will be a test later in the

20:00
podcast but the the contract Q Act is

20:03
irrevocable the other limitation is

20:06
there's no trackable interest rate now

20:09
let's stop and pause here for just a

20:11
second so I can clarify something if

20:13
you're one of those people out there or

20:16
as they say in the commercial don't be a

20:18
jackwagon I like wagon instead of the

20:20
other world don't be a jackwagon if

20:22
you're one of those Jack wagons out

20:23
there that says I never bought two

20:25
lights cause if it if a dog the annuity

20:27
company keeps the money and that's just

20:28
not fair

20:30
now can you structure it like that life

20:32
only which would be the highest payment

20:34
yes you can but the vast majority of

20:37
people who buy qlex from wa that's

20:39
French for standing annuity man

20:42
structure it life with cash refund which

20:44
means that the annuity company is on the

20:47
hook to pay you contractually obligated

20:50
as long as you're breathing or on a

20:52
ventilator but when you die when your

20:54
Learjet hits the mountain when your bass

20:56
boat flips and you drown

20:59
100 of NES money goes to the beneficiary

21:02
in the evil annuity company doesn't keep

21:03
a penny even though they're on the hook

21:06
to pay I'm going to say it again because

21:07
I need you to understand

21:09
culac life with cash refund means that

21:12
they're going to pay you for life if

21:15
it's joint life with cash refund they're

21:17
going to pay one of you as long as one

21:19
of you is breathing for life

21:21
but when the second spouse dies in joint

21:23
life or the single uh if it's single

21:25
life if if you die 100 of any unused

21:30
money goes to the listed beneficiary of

21:33
the policy in the evil annuity company

21:34
doesn't keep a penny under any

21:37
circumstance and if you live to 190 or

21:40
290 they're going to pay you that's the

21:43
transfer of risk nature of buying a

21:45
lifetime income annuity love when people

21:47
go what's the return on investment on

21:49
that what's the ROI son

21:52
there's no Roi until you die Chester

21:55
it's a transfer of risk do you run Roi

21:59
numbers on Social Security no you don't

22:02
you know you by the way that's an

22:03
annuity it's the best inflation to do on

22:05
the planet you just get the payments but

22:07
for whatever reason when people go out

22:10
into the into the marketplace at the

22:12
annuityman.com and they start looking at

22:14
lifetime income payments they start look

22:16
they start comparing it to an investment

22:18
it's not an investment

22:21
okay it's a contract you're buying a

22:24
contract annuities you don't believe it

22:26
you're going to get a policy you're

22:28
going to get a contractual guarantee

22:31
period so there's no getting back to the

22:33
limitation there's no trackable interest

22:35
rates so let me give you an example

22:37
you put two hundred thousand dollars in

22:38
you want to turn on the income stream at

22:40
age 81. and you die at 76. how much how

22:45
much will your beneficiaries get 200

22:48
000.

22:48
there's no trackable interest rate now

22:51
let me let me caveat that the longer you

22:54
allow an annuity company to hold on to

22:56
the culac money the more they're going

22:58
to enhance in the South that means

23:01
increase your payment your guaranteed

23:03
payments

23:04
so let me put another way Southern

23:06
version the longer you let it cook the

23:08
more you get okay does that make sense

23:11
to everybody out there nod your head it

23:14
does make sense so going back to the

23:17
limitations there's no trackable entry

23:19
there's no trackable interest rates it's

23:20
irrevocable there's no Market

23:22
attachments so because of those three

23:25
limitations which in my opinion aren't

23:27
limitations if you understand them

23:29
you're buying a contractual guarantee

23:30
you're buying a pension you're buying

23:32
another Social Security payment if you

23:34
want to break it down Chester but but

23:36
for the fact that you know that those

23:38
three limitations exist then you also

23:42
know that it's not an investment it's a

23:44
contract now which leads me to the

23:47
pundits and the experts and the advisors

23:50
and the Masters of the Universe that

23:53
come out there and go no I've run the

23:55
number and the Monte Carlo simulations

23:57
comparing Investments to the qlex and

23:59
culax don't hold up you are an idiot who

24:04
whoever is writing that in fact I just

24:06
had a

24:07
it's had a really smart guy on my

24:09
podcast recently really smart guy like a

24:11
professor and then like two weeks later

24:13
he writes one of the dumbest articles of

24:15
all time about how cute acts don't

24:17
measure up measure measure they said

24:20
Midwest measure measure up

24:23
to Investments give me a break how about

24:27
apples and oranges anybody you can't

24:30
look at that

24:31
it's a guaranteed lifetime income

24:34
payment

24:36
plus I got to do with stocks or mutual

24:38
funds

24:39
listen if you want to be a market Maven

24:42
don't buy an annuity of any type their

24:45
contracts

24:47
but the positives are there future

24:49
income you can add a spouse for joint

24:51
lifetime income and you can save some on

24:53
taxes potentially with the rmd savings

24:57
but the limitations no Market

24:59
attachments which I think is a good

25:01
thing no trackable growth in its ear

25:04
revocable but understand

25:08
that you don't have to leave any money

25:10
on the table you can structure it live

25:13
with cash refund or joint life with cash

25:15
refund meaning that the annuity company

25:16
won't keep a penny understand that Q

25:19
lack payments are a combination of

25:21
return to principal plus interest just

25:23
like all annuitized products single

25:26
premium immediate annuities and deferred

25:28
income annuities and qlax are the

25:31
annuitized products meaning you rip the

25:33
knob off the water faucet and the income

25:34
is coming

25:36
all three of them have pretty much the

25:37
same structure no moving Parts no Market

25:40
attachments no annual fees Pro consumer

25:43
low built-in commission good for the

25:46
public

25:47
good for the public so the people who

25:49
never Bond annuity because they're all

25:51
fees are high dumb stop talking you're

25:55
making everyone around you IQ go lower

25:57
you don't know what you're talking about

25:59
with qlexbus and diss there's no annual

26:03
fees there's no Market attachment it's a

26:05
straight transfer risk you're saying to

26:07
the issuing culac company here's the

26:10
money

26:11
and you are on the hook to pay me or me

26:14
and my wife or me and my husband forever

26:16
as long as one of us is breathing but

26:18
you don't get to keep a penny

26:21
now I don't know if that's a good deal

26:23
and you don't know if that's a good deal

26:24
unless you know when you're going to die

26:26
or when your spouse is going to die when

26:27
both of you you're going to die in the

26:28
Learjet crash hopefully you're leasing

26:30
it like at a net jet instead of buying

26:32
it which seems crazy unless you have

26:34
hundreds of millions of dollars

26:37
but I want to say Happy Birthday to qlex

26:39
happy birthday to culax

26:43
it is a great product

26:45
I would encourage you to go to my site

26:47
there's I've written a culac owner's

26:49
manual that you can I don't know what

26:52
they do on myself download I don't know

26:53
what the hell is the PDF all my tech

26:56
people they know all this stuff but in

26:58
other words you can get it you can read

26:59
it and you have to pay for it you get it

27:01
for free okay we used to send them out

27:04
um hard copy and then I like it 25 000

27:06
copies I'm like that's costing a lot of

27:08
money can we just put it on the site

27:10
so you can go to the site you can run

27:13
quotes you can read the Q like owner's

27:15
manual you can read the articles I've

27:16
written on qlex and oh by the way

27:18
spoiler alert I've done a lot of culac

27:20
videos digging in and digging down and

27:23
getting dirty and getting muddy as

27:25
Denzel Washington said if you pray for

27:26
the rain you got to deal with the mud

27:28
follow me think about that I like that

27:31
it was in a movie he said he looked at

27:34
the guy and he goes you know what you

27:36
know what if you pray for rain you're

27:38
gonna have to deal with the mud I like

27:41
that I don't know what that has to do

27:42
with qlex but I love that saying I need

27:45
to write a song about that like a rock

27:47
saw like a metal song

27:49
Pray For Rain deal with the mud

27:51
you know what it might be time

27:55
it might be time to sing Happy Birthday

27:57
to kilo it really might and I'm going to

28:00
sing it sultry

28:01
I'm gonna sing it

28:03
like Marilyn Monroe sang it to John F

28:06
Kennedy remember that of course they

28:09
weren't dating and they weren't close

28:11
they were just friends

28:12
I mean I mean John F Kennedy was he was

28:15
married

28:18
but I'm probably going to sing it like

28:20
that okay but let's do a little primer

28:22
so I can get warmed up and get get in a

28:25
mood to sing this

28:27
but culax happy birthday to qlex

28:30
introduced in 2014.

28:32
happy nine-year-old birthday at the time

28:34
of this taping I think it's one of the

28:36
best pro-consumer products on the planet

28:39
but I will tell you that if you call me

28:41
at age 50 I'm gonna tell you not to buy

28:42
one if you're calling me in your early

28:44
60s I'm gonna say you sure you want to

28:46
buy one because it's irrevocable do we

28:48
really want to have something

28:49
irrevocable that long but when you're in

28:51
your like mid 60s in my opinion

28:54
let's start looking let's start planning

28:56
for chapter two of Our Lives let's start

28:58
putting that income floor in place this

29:00
being a part of it for future income

29:02
needs it makes sense

29:06
I do turn people down sometimes when

29:07
they're like 52 years I want to buy Q

29:09
like I'm like you want to have a

29:12
product that's irrevocable and we're

29:14
going to start the income 20 years from

29:16
now hmm you know if you put a loaded gun

29:18
in my head and I think you're crazy

29:19
enough to pull it I still might say no

29:22
because listen we saw more annuities

29:25
than anyone on the planet at the

29:27
annuityman.com licensed in all 50 states

29:29
that means across the country

29:31
but we don't sell it just to sell it I

29:34
mean I'm feeling pretty good I don't

29:35
have to buy any more clothes I just wear

29:37
sweats and baseball caps and t-shirts

29:39
with my logo all over we're good eight

29:42
barbecue sandwiches and banana pudding

29:44
you know I like that Nothing's Gonna

29:46
Change I don't care how much more money

29:48
I get I don't drive fancy cars because I

29:50
can't fix them I could barely put find

29:52
the push button I like the old keys but

29:54
the push button even start them anymore

29:57
life is good I want your life to be good

30:00
I want chapter two of your life to be

30:03
good so culax you need to look at them

30:06
if you're in your mid 60s or older

30:09
you need to look at them if you've

30:11
already started taking requirement

30:13
distributions you can still buy

30:15
qualified longevity annuity contract if

30:17
you're past age 73 at the time of this

30:19
taping which is the time rmds have to

30:21
start you can still buy an or a culac if

30:24
you're 80 you can still buy a culi we

30:26
have to have those conversations to see

30:29
if it is suitable and appropriate and in

30:31
your best interest

30:33
to do that and we will do that so you

30:36
know go to my site at the annuityman.com

30:38
schedule call there is a there is a

30:40
possibility you get me back in the day

30:42
everybody got me back in the day before

30:44
we grew this massive thing this massive

30:46
company that I still own 100 by the way

30:50
um but I have great great employees but

30:53
I would say three to five times a day

30:55
I'll have a call that's scheduled for me

30:57
in between my meetings and the stuff

30:59
that I do and people like is this really

31:01
Stan it sounds like Stan does this sound

31:03
like yeah it is you might have won the

31:05
lottery or lost it I'm not sure well I

31:07
guess we'll find out after the call but

31:08
so yes you might get May how about that

31:11
so with that qualified longevity annuity

31:13
contracts you can get oh I'm telling you

31:15
I've done so many videos if you're on

31:18
the YouTube site go to my stand the

31:19
annuity Man YouTube site and under I

31:22
think there's there's this videos there

31:23
and they have different

31:25
um categories my PR team has put all the

31:28
Q like videos I've done if you go to my

31:29
site in the search bar we have a site

31:31
you can search culac if you just punch

31:33
in qlat under that little hourglass

31:36
thing everything culax is going to pop

31:37
up and in addition to that you can

31:39
download the book Q like owner's manual

31:41
and and you can run quotes

31:45
with all carriers

31:47
your heart's content so we're here this

31:50
is the time so here we go

31:52
in a one-on and a two and three are

31:55
happy birthday to the queue

31:59
[Music]

32:01
happy birthday to the q line

32:07
the cue like has your income back that

32:12
means guaranteed

32:14
happy birthday

32:17
to the qualified

32:20
longevity annuity

32:24
on Fry

32:34
wasn't that special

32:35
happy birthday culac thanks for joining

32:38
me on fun with annuities we'll see you

32:41
next time

32:46
[Music]