What Happens To A Single Life Annuity When You Die?

0:00
Hi there, Stan the Annuity Man,

0:02
America's annuity agent, licensed in all

0:03
50 states in Puerto Rico. The question

0:05
of the day is, what happens to a single

0:07
life annuity when you die? Boy, great

0:10
question because a lot of people out

0:11
there going, "Well, I never I never give

0:14
annuity company money cuz because when

0:16
you die, they keep the money." That's

0:18
just garbage. Okay. Um, that's one of 45

0:21
ways to structure it. But we're going to

0:23
go over all of that so you're crystal

0:25
clear

0:27
on how these work and how you can

0:29
customize and structure them and set

0:31
them up to function exactly the way you

0:34
want after this.

0:42
So what happens to a single life annuity

0:44
when you die? Um, [snorts]

0:47
this one here, it the journalists get it

0:50
wrong, the advisors get it wrong, the

0:53
consumer gets it wrong, the cocktail

0:56
party blow hard that won't shut up with

0:59
his drink in his hand gets it wrong.

1:01
Well, yeah, you when you die, money goes

1:03
poof. That's called life only. Okay? If

1:07
you hate your family, you hate your

1:09
beneficiaries, and you're a complete

1:11
sociopath, you can set it up life only.

1:14
It also if you're none of those and you

1:16
just want the highest payment, you can

1:17
set it up life only. And if you die, day

1:21
two, money goes poof. But listen to me,

1:25
only two 3% of the people do that. The

1:28
other 97% set it up so that 100% of any

1:32
unused money goes to the beneficiary and

1:34
the evil annuity company doesn't keep a

1:36
penny.

1:38
Poof to your little comment out there,

1:41
right? Or your thought about annuities.

1:44
You can structure them and customize

1:47
them any way you want.

1:50
So there's there's myriads of ways.

1:52
Single life with cash refund means that

1:54
100% of any unused money goes to the

1:57
beneficiaries. Single life with

1:59
installment refund means that 100% of

2:02
any unused money goes to the

2:03
beneficiaries in payment form. Cash

2:06
refunds, lump sum, installment refunds,

2:08
payment form. Single life with 20 years

2:11
certain means if you die year three

2:12
there's 17 more years of payments. If

2:14
you die year seven there's 13 more years

2:16
of payments. Get it? Single life with 30

2:18
years certain means that if you die year

2:20
five there's 25 more years of payments.

2:23
So sing single life annuities.

2:27
I know everybody thinking well that's

2:29
just that's just a ripoff there son.

2:30
They just keep the money when you die.

2:32
Only if you want that to happen. And

2:34
believe me, if you said to me, schedule

2:37
call and you say, "I want single life

2:38
only." First question out of my mouth is

2:41
why? Well, I and you might have a good

2:43
answer. You might say, "Well, I want the

2:44
highest payment." Okay.

2:46
Okay. But see, most people and most

2:50
journalists that cover finances think

2:52
that's the only way to do it. I did a

2:55
Wall Street Journal interview the other

2:56
day and they're like, "Well, are people

2:58
buying immediate annuities because, you

3:00
know, the you know the money goes poof

3:02
when they die or something to that

3:03
effect." I said, "You have got to be

3:04
kidding me. You are with the Wall Street

3:07
Journal and asking me that." But that's

3:09
what they believed. That's what they had

3:11
heard. That's what they had been told.

3:13
What I'm telling you, you can structure

3:14
it any way you want to. You don't even

3:16
have to structure it life only. You

3:18
might say, "Stan, I just wanted to pay

3:20
for 10 years." Or, "Stan, I just wanted

3:23
to pay for 20 years." Those are called

3:24
period certain. Or you might say, "Stan,

3:27
I want a lifetime income with a period

3:30
certain." The most efficient way to do

3:32
it to to maximize the income yet protect

3:34
all the money is life with cash refund

3:36
or life with installment refund. Life

3:38
with cash refund one more time when you

3:41
die whatever's left in the account goes

3:42
lump sum to the beneficiary. Annuity

3:46
company doesn't keep a penny even though

3:47
they're on the hook to pay for as long

3:49
as you're breathing and or on a

3:50
respirator. Life with installment refund

3:53
means that when you die, if there's

3:55
money in the account, it's paid to your

3:57
beneficiaries at the same payment level

4:00
until the money's exhausted. Evil

4:01
annuity company never keeps a penny,

4:03
even though they're on the hook to pay

4:05
for as long as you're breathing and or

4:06
on a respirator. Are we clear?

4:10
Now, you can go to my site and run these

4:13
247 365 and not have to put in your

4:16
information. just your gender, your date

4:18
of birth, and your state of residence.

4:21
Not your mental state, your state of

4:23
residence. And you get real quotes, not

4:25
not estimates. These are real quotes. We

4:27
are the only

4:29
company out there now, maybe they'll

4:31
join us. I doubt it because people just

4:33
can't they can't quit getting your

4:35
information. We don't need your

4:36
information. We need you as a client. We

4:39
want you as a client. You're smart

4:40
enough to make that decision, but we

4:42
want to give you the quotes anonymously.

4:45
And we want you to run those quotes

4:46
24/7, 365. Again, date of birth, gender,

4:50
state of residence. That's all you need.

4:52
You can run immediate annuity quotes all

4:54
day long. And when you run them, we'll

4:56
show you life only, life with 10, life

4:58
with cash refund, life with installment

4:59
refund. You'll see it all. But if I've

5:02
done one thing today is to squash like a

5:05
bug with my size 12 shoes, then well

5:08
annuity company keeps some money.

5:13
[sighs]

5:18
I just I every time I hear that and

5:21
someone says that or a journalist mouths

5:25
that or I had a situation the other day

5:28
where a guy was trying you'll love this.

5:30
a guy was trying to sell an index

5:33
annuity for immediate income, like

5:34
starting immediately. You're talking

5:36
about fitting a square peg into the

5:37
round hole. And so the guy emails me. He

5:39
goes, "Yeah." And he said that that the

5:41
immediate annuity doesn't have a death

5:42
benefit. I emailed him back. I said,

5:44
"Tell the advisor he's a idiot. He's a

5:48
idiot. He's a numbnut. Or he's a

5:51
sociopath trying to get a sale with a

5:53
high commission product." But if you

5:55
answer two questions, what do you want

5:57
the money to contractually do? and you

5:59
said income and when do you want that to

6:00
start and you said now. That's an

6:02
immediate annuity and you can structure

6:05
it to protect the money 100% even though

6:09
they're on the hook to pay.

6:12
I'm kind of glad this topic came up

6:15
because it just it just drives me crazy.

6:19
It really does. I mean the the

6:22
misinformation on annuities is going to

6:24
go down in the history of financial

6:26
products as the worst ever. I blame the

6:28
industry. You know, we have uh the

6:30
industry has a a monopoly on lifetime

6:32
income, but we don't talk about it. I

6:34
do, but nobody else does.

6:36
They talk about hypotheticals and

6:38
theoreticals and upfront bonuses and

6:40
caps and spreads and participation

6:42
rates. Garbage. Sociopathic garbage.

6:48
You buy annuities for the contractual

6:50
guarantees. And those contractual

6:52
guarantees can be customized to fit

6:55
exactly what you want to happen with the

6:57
hard-earned money of which you've earned

6:59
over the last 30 years.

7:02
Most people when they buy a lifetime

7:04
income stream annuity, they want to I

7:06
always ask them, if you die early, do

7:07
you want to make sure the beneficiaries

7:08
get what's in the account? Yes. 99% of

7:12
the time, people like Mhm. Yep. Okay,

7:14
great. And that's how we do it. And and

7:17
these quotes are like a gallon of milk.

7:18
they change and and and spoil like a

7:20
gallon of milk every 7 to 10 days. So,

7:22
go to my site and just keep quoting. One

7:24
last thing, there's a video I shot um

7:26
the spending clock above. Hit that. It

7:28
talks about the technology and what we

7:30
what we're doing technology-wise. Guy

7:31
running my company's from Google, very

7:33
smart, very young. I got cowboy boots

7:35
older than he is. He can't spell

7:37
annuity, I don't think. But I tell you

7:38
what he can do. He can make your

7:40
customer journey very, very good. And

7:43
what we've done is you can schedule a

7:45
call with me or you can go to my site

7:46
and on the bottom righthand corner is

7:48
virtual Stanley and it's an avatar

7:50
that's been fed all my content. You can

7:52
ask virtual Stanley any questions. He's

7:54
going to give you the same answer as me

7:56
but 247 365. You can run quotes

7:58
anonymously like I said. Put in your

8:00
date of birth, gender, and state. Or you

8:03
can have us run it. You also can do

8:05
online applications. you know, we're

8:07
going to have to call you at the end

8:08
just to make sure it's real and it's you

8:09
and you want to move forward, but you

8:10
can go 95% of the way there with all of

8:12
these products or you can have my team

8:14
do it and 25-minute phone call and then

8:16
do it from start to finish. Notice the

8:19
trend. The trend is we're going to give

8:20
you the option of using us humans or or

8:24
using technology or blending it. AI

8:26
means artificial intelligence. AI for us

8:29
also means actual individuals. But AI

8:32
really means for the annuity man going

8:33
forward annuity innovation. and we lead

8:36
it. We're squashing the whole industry.

8:40
They don't know what to do with it. We

8:42
do. I have someone that's been there and

8:44
built it and they're coming to the

8:45
annuity industry and here you go. So,

8:48
keep an eye on us. Your journey is going

8:50
to get better and better and better on

8:52
your terms and your time frame. And we

8:54
are open for business 24/7, 365. And the

8:58
actual individuals are open for business

9:00
12 hours a day, Monday through Friday,

9:02
and eight hours on Saturday. That's 68

9:05
hours if you're counting. But Virtual

9:07
Stanley's there when I'm sleeping. The

9:09
online applications are there when my my

9:11
staff is sleeping. It's all about you.

9:15
It's all about you. Proud of it, man.

9:17
This is fun. This is fun. Old dude like

9:19
me, old redneck dude like me, you got to

9:21
be saying, "Wait a minute. How's an old

9:23
redneck dude like you pulling this off?"

9:26
Smart people. Google boy. Phenomenal.

9:28
He's the heatseeking missile that nobody

9:31
in the industry has but me. I guess

9:33
they're coming once they're going to

9:34
find this out, but it's going to be a

9:36
little too late. Okay, we want you as a

9:39
client. Give us a shot. I think you're

9:40
going to like the experience. My name is

9:42
Stan the Annuity Man. See you tomorrow's

9:45
video because I shoot one every single

9:47
day.