What Are The Pros And Cons Of Buying An Annuity?

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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.

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You own an annuity for what it will do,

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not what it might do. Today's topic is

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what are the pros and cons of buying an

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annuity? Uh, the positives and the

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negatives. I'm going to go through all

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of that with you after this.

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So, the pros and cons of buying an

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annuity. Let's go through the negatives.

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The cons. I don't like the word con

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because that means that um that that

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means like con artist. I don't think

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that's it. Even though there's some

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agents out there that I'm sure fit the

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bill for that. But the negatives of

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buying an annuity is buying it for non-g

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guaranteed returns. That's the negative

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in my opinion. You know, annuities are

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transfer of risk products. You're

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transferring the risk to solve for four

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primary things. Principal protection,

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income for life, legacy, and long-term

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care. That acronym is pill. You're

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transferring the risk to the life

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insurance company that's issuing the

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annuity. Great example of that is

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lifetime income. You're transferring the

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risk to pay for you as long as you're

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breathing. And with artificial

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intelligence shortening the medical

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breakthroughs, you might live much

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longer than you think you're going to

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live, which is a good thing. But you're

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transferring the risk to the annuity

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company to pay as long as you're

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breathing and or on a respirator.

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The negatives about an annuity. Let's go

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a little bit deeper than that. When you

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buy lifetime income, let's just say SPD

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is QAX, which are what's called

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annuization products. That's like

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ripping the knob off a water faucet. In

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this case, instead of water, it's

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lifetime income that's coming. It's

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irrevocable. It's going to happen. Okay?

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We can structure it so that if you die,

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whatever money is left in the account

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goes to the beneficiaries, which is

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great. So, the evil annuity company

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doesn't keep a penny. But I guess a

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negative would be that asset is tied up

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for lifetime income. But in my opinion,

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that's also a positive because you need

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to build your income floor. Another

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negative for deferred annuities which

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would be fixed index ras variables etc

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there mas there's surrender charges

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attached so for that duration that you

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lock in there's a surrender charge to

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fully get out a lot of those have

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liquidity 10% free withdrawal interest

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taken out etc but we're talking

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negatives and we're being trans

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transparent that's it one of the

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negatives that people think that are

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involved are high fees fees, which is

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not true. You know, SPD's, QAX, um, MAS,

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those don't have any fees. None. All

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commissions, by the way, are built in to

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the product. You never see them, but

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it's a net transaction to you. That

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commission's paid from the the annuity

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company's general general account, the

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life insurance company that's issuing

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the annuity. So, I hear a lot of people

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go, "Well, they're just high in fees."

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Or or better yet, financial journalists

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will say, "They're just high in fees.

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That's crap.

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That's total crap. All right. Now,

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variables have fees.

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Ryers have fees. Uh, index annuities can

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have a fee if you attach an income

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writer to it, but we're buying the

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income writer. The income writer is a

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net transaction to you. So, the fee

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thing is is a perceived negative, but

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it's not. The other negative or or con

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to this is um the fear of missing out.

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You know, we we don't know what's going

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to happen in the markets. You know, you

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could buy an annuity and then the market

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skyrocket and you go, "Well, I should

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have never bought that annuity." Well,

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you're not Nostradamus or whoever the

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heck that is. You're not Svengali Jones.

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You can't predict the future. Put in the

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guarantees and move on. So, that's kind

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of the negatives and and really the true

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the biggest negative are the sales

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pitches that are garbage. Upfront

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bonuses, market upside with no downside,

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free long-term care, all of that

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garbage. So, the positives the positives

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of buying an annuity, it's a contract.

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The positives of buying annuity, it's

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going to do what it says it's going to

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do because you bought a contract. That's

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the reason I say own it for what it will

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do, not what it might do. Never buy an

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annuity for growth. Never buy an annuity

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for non-G guaranteed returns. Buy the

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annuity for contractual guarantees.

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Another positive is it's the only

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product category annuities many types

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that can provide lifetime income. No

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other product can do that. No other

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category can do that. Don't say 30-year

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bond. Please, please don't. You know

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better. Lifetime income for as long as

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you're breathing or on a respirator.

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That's the monopoly that annuities have.

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So, when you're putting in your what I

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call your income floor, annuities have

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to be there. You already own the best

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one. It's called social security. It's

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the best inflation annuity on the

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planet. If you have a pension, you own

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two. When you take RMDs, in my opinion,

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you owe three because RMD payments are

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annual.

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The positives contractual guarantees.

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The positives is you can contractually

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solve for the pill, principal

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protection, income for life, legacy, and

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long-term care. Contractually, not

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hypothetically, contractually, not

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theoretically, contractually, not

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promises, not hopes, not dreams, not

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unity towards chasing the butterflies.

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That's the negatives. The positives is

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you know what you have. And in going

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into chapter two of your life, you're

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going to want more guarantees. Yeah, the

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markets are great. Look at the time of

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this taping,

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who knows what's going to happen in the

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future. Do you want to be a part of that

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roller coaster? If so, do it. Go for it.

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My opinion is put the guarantees in

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place, then go invest. You'll be a

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better investor.

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Stand the annuity man is the best thing

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Wall Street has going for them. You're

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saying, "What in the world are you

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talking about?" If people would put in

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their income floor and the guarantees

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and just go invest the rest, they'd be

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better investors. They wouldn't sell

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when things got got funky. They'd write

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it out. Why? Because they have the

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guarantees in place. They have the

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income floor in place. I am what Wall

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Street's looking for. I am that person.

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They will eventually figure it out. It's

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not Jim Kramer. It's Stan the Annuity

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Man. No offense to Jim, but I I'm going

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to tell you the best thing that could

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ever happen to Wall Street is for them

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to embrace the contractual guarantees of

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of annuities. Is for them to embrace

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lifetime income flooring, that income

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floor is for them to embrace a MA fixed

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rate annuity like a like a annuity bond.

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When Wall Street embraces

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the annuity contractual guarantee story,

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it's a wrap. It's a wrap because people

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will be better investors. People will

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get better returns. The sequence of

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returns risk not to go down that rabbit

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hole will smooth out. If you have your

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income floor in place and the markets

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are volatile,

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you can make your decision to buy or

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sell over here, but you don't have to. A

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lot of times people say the negatives of

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buying an annuity is that you know the

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fear of missing out or you're missing

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opportunity. That's what the financial

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journalists will say and the masters of

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the universe and the kids that are

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advisers now that's never seen a down

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market. Hello. But the guarantees are

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real. Currently the annuity industry at

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the time of this taping is like 400500

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billion dollar industry which is a joke.

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Should be$ two trillion dollar industry

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once everybody adopts what I'm doing.

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That's the reason I created the

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contractual guarantees only organization

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that only promotes contractual

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guarantees. You own an annuity for what

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it will do, not what it might do.

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Eventually, that will be how annuities

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are viewed. And people that talk about

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non-g guaranteed returns will just fall

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into that hu, you know, sociopath mode.

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Local guy, local guy. The national

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message will be contractual guarantees.

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been doing it for a while and I'm going

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to do a video every single day until we

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get there and everybody under

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understands it. Do me a favor, go to my

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site at theanuityman.com. You can

7:59
download my books for free. I got six

8:01
owners manuals. You can sign up for my

8:02
live event. You can sign up for my

8:04
newsletter, but you don't have to, but

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you can. You can schedule a call if you

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want. You can email me at

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stantheanuityman.com.

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And spending above my head is is is the

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one you want. This is a video you want

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to watch because on my site you can run

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quotes anonymously. No name, no no phone

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number, no email address needed. Just

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your gender, date of birth, and state of

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residence. And you get the same quotes

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that you used to get by filling all that

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out. I got tired of people asking me,

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Stan, what do you do with my

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information? And the answer back then

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was nothing. So, we changed the site. We

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changed this to where you can quote and

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there's no there's no data. All we're

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going to have is mail and your date of

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birth and the state of residence. That's

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not data. That's just you giving the

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bare minimum to get the quote that you

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want to see. Hello, annuity industry.

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It's your wakeup call. I'm your wakeup

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call. We hope you consider us to be your

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your agent. If you bought annuity before

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you you stumbled upon me, we'll be your

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agent of record and help. But consider

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us. Okay. Watch that video. Go to my

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site. Hope to speak with you soon. My

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name is Stan the Annuity Man.