The Annuity Monopoly: What Is It?

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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 in Puerto Rico, founder of

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CGO, Contractual Guarantees Only, which

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is you own an annuity for what it will

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do, not what it might do. Today's topic

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is an interesting one. The annuity

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monopoly, not the game, but the annuity

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industry has a monopoly

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that no other financial product does.

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Period. And it's not the fact that

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everyone hates them. That's what a lot

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of you say. No, it actually does have a

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monopoly that you need to know about

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because it might come in handy as you're

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planning. I'm going to talk about that

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monopoly that only annuities have

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after this.

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[music]

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So, so when I was at Morgan Stanley and

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Dean Whitter Payne Weber and my last

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stop was a Union Bank of Switzerland aka

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UBS. All great firms enjoyed it. Um, but

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one of the things that made me leave was

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I read a an article in American

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Demographics magazine. I don't even know

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if it's still available, but that was a

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long time ago. And it talked about in

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the mid 2020s there'd be 13 to 16,000

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people turning 65 every single day

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looking for guarantees. Now, I remember

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it like it was yesterday. I just

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literally sat there in my office at UBS

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and went, "Wow, nobody here's talking

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about that." And that's why I left.

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That's why I'm here. That's why I'm

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number one. That's why the annuity man

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is a national brand. We only look at

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contractual guarantees. But the monopoly

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that annuities have, which is what made

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me leave to become the annuity man,

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is lifetime income. Annuities,

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there's many different types, but

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there's four types that provide lifetime

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income. single premium immediate

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annuities, SPAS, deferred income

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annuities, DAS, qualified longevity

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annuity contracts, QAX, and income

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writers. Those four provide lifetime

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income for as long as you're breathing.

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Even if you're on a respirator or on an

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iron lung, it's going to pay as long as

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you're breathing. If you set it up joint

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with a spouse, as long as one of you is

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are breathing, there's no ROI until you

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die.

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Now, all of you out there already own

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the best inflation annuity for lifetime

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income. Period. It just is. It's called

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social security. Yes, that is a lifetime

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income annuity. If you have a pension

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from your employer, I think only nine,

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not 90, 9% of the people do, that's

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another lifetime income annuity. But for

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the rest of us that don't have that, I

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mean, I'm self-employed, but you know,

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when it comes time for lifetime income,

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I'm going to have to buy a lifetime

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income product from me and the queen.

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for as long as one of us is breathing.

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Why this is important is chapter two of

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your life in my opinion is all about the

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income floor. What's the income floor

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stand? That's the money that's coming

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into your bank account. Regardless of

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the markets, regardless of wars,

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regardless of elections, it doesn't

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matter. It's coming into your bank

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account. And the older you get, the less

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we need to watch cable. The older you

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get, the less we need to care about

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news. The older you get, the less we

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need to care about politics. The older

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you get, the more you need to care about

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your income floor. And annuities provide

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that income floor for as long as you're

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breathing. Now, you have to overcome the

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what I call FOMO, what everybody calls

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FOMO, the kids, fear of missing out.

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Fear of missing out on the next Nvidia

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or SpaceX or whatever stock of the day

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is, or at the time of this taping, you

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know, the artificial intelligence boom

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in the markets, which I hope continues.

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But the older we get, the less we care

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about that. The older we get, it's all

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about lifestyle. You know, there's three

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phases of retirement. Go- go, slowgo,

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and no go. No go means you're drooling

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in a cup and crapping into diapers.

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That's no go. You need to be spending

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the money in go- go and trying to spend

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it in slowgo. Lifetime income. It's key.

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Now, the way that lifetime income is

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priced with the four annuities that

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solve for lifetime income, it's

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primarily priced on your life expectancy

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or life expecties if joint. It's not

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about the Fed. Please stop calling me

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and go, "Well, I'm going to time it,

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son, because I've been timing the Fed

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for 20 years." Well, you're missing it,

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player, because that's not what it's

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about. It's about life expectancy. And

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at the time of this taping, artificial

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intelligence super intelligence hasn't

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affected the life expectancy tables yet,

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but it will. And when it does, that

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means the payments will be long more,

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which means they'll be lower. All the

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annuity companies are waiting on is for

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super intelligence, artificial

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intelligence to prove that you're going

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to live longer. Once they can prove

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that, then they're going to lengthen out

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the payments. So, lifetime income right

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now is a bargain. That's not a sales

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pitch. That's a fact. Don't believe me?

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Go to my site at theanuityman.com. You

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can run anonymous lifetime income quotes

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for SPDs, Q-Lex, and income writers.

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What's that mean, Stan? That means you

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don't have to put in your name. You

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don't have to put in your email address.

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You do not have to put in your phone

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number to get real quotes. These aren't

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estimates. These are direct quotes from

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all carriers. So, you just put in your

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date of birth, your state of residence,

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your gender or dates of birth if joint,

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state of resident, genders, and get the

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quote. We're the only ones that do that.

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I'm not in the data business. I want you

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as a client and I have enough confidence

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in you that you can run your own quotes

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anonymously and if you feel like you

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want to do business, you're going to do

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business with me. So the monopoly that

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li that the annuity industry has is

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lifetime income. The ironic part about

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that is that the annuity industry

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doesn't talk about that. One of these

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days I'm going to be leader of the

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annuity industry officially. I am

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already but officially they're going to

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name me annuities are for life. Stan the

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annuity man. Guess what my message is

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going to be?

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Yes, contractual guarantees only but

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it's going to be lifetime income. The

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only place to get it. Lifetime income.

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This is your only stop. Lifetime income

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annuities. Lifetime income annuities.

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Lifetime income annuities.

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But no, no, no, no. The annuity industry

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right now, they're all about growth.

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Potential non-G guaranteed,

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hypothetical, theoretical, projected,

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back tested unicorns chasing the

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butterfly returns with an upfront bonus.

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Could be. It might go down as the

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dumbest

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most ridiculous

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thing an an industry can do. If you're

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an industry and you have a monopoly on

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something that everybody wants,

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wouldn't you talk about it? Why would I

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be the only one talking about it? I

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don't know.

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I don't know that answer. Over 90% of us

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adults do not have a pension in place

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from our employer. 90. That means we all

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need lifetime income. Well, where do you

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get that, Stan? Well, there's only one

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place to go, annuities.

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And don't come to me and say, "Well,

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Stan, I could just buy a 30-year bond."

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Well, what if you live 32 years,

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Chester?

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Think about it.

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Annuities aren't investments. They're

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contracts. Annuities aren't investments.

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They're transfer risk products.

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Annuities aren't investments. They put

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in place your income floor. Anyone

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pitching annuities as investments are

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full of crap. They have no idea what

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they're talking about. They're trying to

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part you from from your money to get

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commissions.

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Again, never buy an annuity for market

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growth. Never buy an annuity for market

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growth. Market growth doesn't have

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surrender charges. If you want market

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growth, go get it. It's not an annuity.

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Period. Hello. But there's one thing

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annuities can do that nobody else can,

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and we're talking about it. Lifetime

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income.

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pension type income. My wife, the queen

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of 38 years, could care less about

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anything investment wise. All she wants

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to know is this. Hey, Stan the annuity

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man. Yes, she does. Call me that. Hey,

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Stan the annuity man, when you die, is

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there income in place for us and

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preferably me talking about her to go

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see the kids and the grandkids? And the

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answer is yes. Yes. Can you say that?

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Are you all in on the markets like

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Gordon Gecko? Have you forgotten 2008,

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1987?

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Have you forgotten that markets actually

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sometimes go down? Do you have the time

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for it to go down?

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At a minimum, I'm going to tell you to

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put the income floor in place so that

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you can be a better investor. Okay? Do

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me a favor. Go to my site,

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theanuityman.com. You can run these

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lifetime income quotes anonymously. You

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can email me. You can schedule a call

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with me. You can talk to virtual Stanley

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on my site. You can do online apps

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yourself

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or you could use us. All right, one last

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thing. I did a video on all the

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technology stuff we're doing. Virtual

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Stanley, which I'm very proud of.

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Virtual Stanley is a little avatar on my

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site, but if you click it, you can ask

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questions 247 365. Where do you get all

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those answers, Stan? I don't know. 2,000

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videos, seven books, and 400 articles

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from me. What we're doing is is annuity

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innovation. It's artificial

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intelligence. It's smart, but it's also

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gives you the off-ramp to talk to a

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human being. You can do it virtually.

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You can do applications virtually or

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with a human being. You can talk to me

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or you can talk to virtual Stanley. You

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can get quotes from us or you can run

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them anonymously on the site. That's

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like consumer heaven. Right. Of course,

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that's what we're doing. We're giving

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you that 247 365. person running my

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company now is an executive executive

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from Google and we're gonna we're gonna

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take this thing to the next level

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proconsumer. Okay, my name is Stan the

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Annuity Man. I'll see you next time.