Warren Buffett’s 2 Rules for Annuities

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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. This is where I get to

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rant and go off, close the door, and all

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that stuff, and just just tell you like

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it I don't always tell you like it is,

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but this one, these are topics that are

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passionate to me, as they say. Today's

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topic is Warren Buffett's two rules for

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annuities. You're like, you mean that

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Warren Buffett? You mean the guy from

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Nebraska? Yeah, that guy. Now, these

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aren't his two rules for annuities. I've

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kind of thrown that in. It's really his

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two rules that people always repeat.

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Here's the first rule. Rule number one,

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never lose money. Rule number two, never

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forget rule number one. That right there

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describes Stan the annuity man, the

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annuity man, my company, the growth of

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the company, etc. We only sell products

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with contractual guarantees. No

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hypotheticals, no theoreticals, no

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unicorns chasing the butterflies,

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sales pitches that pe that proliferate

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the annuity industry. We never have a

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client call up and say, "You know what?

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Uh, you know, that uh that MGA or

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immediate annuity or QAC or deferred

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income annuity or income writer

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contractual guarantee, that's changed."

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No, it hasn't changed. It won't change.

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Okay? We don't do anything that is not

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guaranteed. Now, if you look at Warren

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Buffett in his in his career, he's

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pretty savvy dude. Obviously, eats a

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hamburger every day. I don't know if you

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know that, fun fact. Um, from the same

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place, lives in the same house in

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Nebraska and Omaha. Okay. But he kind of

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only does things that he thinks are in

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his world a sure thing with his numerous

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people looking into it, etc. because I

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don't have numerous analysts around me.

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The sure thing for us are the

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contractual guarantees of the policy.

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The sure thing for us looking at strong

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carriers that can back up the claim

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because in essence with annuities,

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you're transferring the risk to the life

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insurance company that issues the

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annuity. You're transferring the risk to

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suffer four primary things. That acronym

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is pill that I came up with and

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trademarked hello. Principal protection,

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income for life, legacy, and long-term

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care. Okay, those are the four things.

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So, if you, you know, if you said,

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"Well, I really would like uh market

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growth or potential upside stand," we're

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not gonna sell you that. We don't do

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that. And anyone that tells you that

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they have a product that you can get

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market growth and principal protection,

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they only can give you the principal

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protection. The market growth is

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hypothetical theoretical unicorn's

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chasing the butterfly nonsense. Don't

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buy the dream, buy the contractual

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reality. If Warren Buffett called me,

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and he should, he really should. In

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fact, I should speak at his annual

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event, but I haven't gotten that

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invitation yet. But if he ever called me

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and said, "Stan, what annuities should I

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buy?" First of all, I'd say, "You're a

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multi-billionaire. You don't need

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annuities." But if he forced me, he

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said, "Stan, I just want to buy from you

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because you're Stan the annuity man."

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And I understand that. I would say,

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"We're buying the contractual

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guarantees, Warren. We're not buying

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hopes and dreams, Warren. We're not

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buying the hypothetical and theoretical,

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Warren." and I can call him that because

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that's his first name and we're friends

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at that point. I would say we're buying

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the contractual guarantee of the policy.

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You will know exactly what you're going

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to get and your lovely wife will get

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when you eventually pass away

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because that's how annuities should be

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purchased. That's not how they're

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currently sold in most cases, but that's

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how they should be purchased. And that's

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why we're the gorilla in the room when

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it comes to national fixed annuity sales

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recommendations thought leadership.

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Okay? We don't get caught up in all that

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other seminar nonsense that's being

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pitched out there. All right. So, what

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are the two rules again? Number one,

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never lose money. Rule number two, never

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forget rule number one. And that's what

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we do here at the annuity man. Kudos to

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my friend Warren Buffett at this point

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in time. I've talked about him so much.

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I feel like I know him. Of course, I

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followed him and read his stuff and all

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that stuff. But annuities are

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contractual guarantees. Never ever

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forget that that shooting straight was

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standing

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duty man.