What Is A Straight Life Annuity?

0:00Introduction to the Video

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What is a straight-life annuity? Stanley the Annuity Man. Hi there. Yes, my name is Stanley the Annuity Man. No last name. America's annuity agent licensed in all 50 states and Puerto Rico. Founder of CGO, contractual guarantees only. Um you own an annuity for what it will

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do, not what it might do. But let's talk about straight-life only annuities and what that really means in Stanglish, which is the only language that matters. After this. So I've been around a long time.

0:33What Is A Straight Life Annuity

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30 years in the business, Morgan Stanley, Dean Witter Paine Webber, UBS. Top guy out here. So when I hear the phrase straight-life annuity, you're kind of dating yourself. I mean, you're you're older. You're baby boomers, like me. Okay? Cuz that's kind

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of how we used to talk about it. Hey, well, what's that straight-life annuity pay there, son? That type of thing. What that means is single premium immediate annuity, life only. Now, 1% of the of my customers do that because when the bus hits you day two, money goes poof.

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That's a straight-life only annuity. But you could also have straight-life with period certain, straight-life with cash refund, straight-life with installment refund. But straight-life only, what's a straight-life only annuity? That's life only. That's the highest payment. Why?

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Because you are shouldering some of the risk. Annuities solve for four things: principal protection, income for life, legacy, and long-term care. We ask two questions: What do you want the money to contractually do? When do you want those contractual guarantees to start? If you

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said I need lifetime income, I need it to start now, what's a straight-life only annuity? We're talking about a single premium immediate annuity. That annuity dates back to the Roman times. It's the first pension for the dutiful Roman soldiers and their

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families. It's where the word annuity comes from. Annu annua means payment. And it's been sold in this country for over 200 years. But what I want to drive home to you

2:10How To Structure Annuities For Beneficiaries

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factually today is that a lot of people out there say, "Won't ever buy an annuity, son, cuz cuz when I die, annuity come to keep the money." That's not true, but that is a straight life only annuity. Most people structure so that the annuity company's on the hook to pay as

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long as you're breathing. No ROI until you die. But if you do die, 100% of any unused money goes to the family. Straight you're transferring the risk for the annuity company to pay for as long as you live, and you're also transferring the risk, like with a life

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with cash refund, for them to not keep a penny and give the whatever's left to the uh beneficiaries.

2:53Why Straight Life Annuity Has The Highest Payment

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But a straight life only annuity means that you're shouldering some of that risk. You're agreeing to if you get killed day two, money goes poof. Because of that, that's the highest payment. Makes sense, right? I mean, life only is going to pay more

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contractually than life with a 20-year period certain. Life only is going to pay more than life with cash refund. What you have to think about is, "How do I want to structure it? What's the best way to structure it, Stan Annuity Man?" See, in the South, you don't say the N's. Man.

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And I I would encourage you to go to my site

3:32Helpful Resources To Understand Annuities

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and download this the single premium immediate annuity owner's manual. I wrote it. It's probably 60, 70 pages long, to the point, as you can tell. That's kind of how I am. I'm not too wordy when it comes to writing. And you can download it and read it. You

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can also go to my my uh YouTube channel and my unbelievable editors are going to show you how to do that. And where to type in single premium immediate annuities, and I've done a few videos on it. But in essence, they're pensions. No moving parts, no market attachments, no

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annual fees, built-in commissions are low. Because you can explain them to 9-year-olds, no offense to 9-year-olds. Life only. Straight life. Well, straight life annuity, son. That's life only. That's what that means. My question to you, if you asked that

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and you're starting to pound the table, I can hear it over the phone. I'm going to say, Chester, why? Why are we doing that? Do you hate your family? Are you a sociopath? Or uh what? No, it's more misanthropic. Philanthropic likes people, misanthropic doesn't like people.

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I'm somewhat of a misanthropic fiduciary. Means I don't really care that much about humanity, except I want to do the right thing. Seems like a conundrum, but it's not. I also would encourage you to go to my site and run quotes on my SPIA um calculators.

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You can do it two ways. You can say, "Hey, son, what's a $100,000 pipe?" And then you can put it in there and and give the start date and your date of birth, and it'll give it to you. Or you can say, "How much would it cost to to create $2,500 a month 2 year from now, 1 year

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from now, 6 month from now?" You can do that, too. I always tell people, use the least

5:32Key Tip & Different Ways To Structure Annuities

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amount of money to solve for the contractual goals with annuities. We're not We're not hammers looking for nails. We're trying We want you as a client. And we want you to be happy client, and we want you to allocate your money properly and in proportion.

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So, it's straight life only. Straight life only probably represents 1% of the people that buy immediate annuities from us, and we sell more than anybody. Because I'm always asking, "Hey, man, if you die, do you want the money to go poof?" And most people go, "No, not really.

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I've worked really hard for that." But, I did have a guy the other day goes, "Yep, I could care less about my family." I'm like, "Cool." And there are some people out there that don't have family. Bless you. Don't have kids, don't have family, really don't want to leave it to

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anybody. I did have a guy that I convinced the other day to leave it to I said, "What's What's the thing you care most about?" And he's he's like, "I didn't know this existed. Rescue cats." I'm like, "Rescue cats?" So, we left the proceeds, if there are going to

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be any proceeds, to the rescue cats society of whatever. You can do that.

6:46Next Steps and Helpful Resources

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So, straight life only annuity, you're going to have to convince me why. So, download the book, schedule a call with me, shoot me an email [email protected]. I will respond. And I am available if you want to connect one-on-one for 30 minutes, no cost. Huh?

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I mean, come on now. That's like getting um That's like getting Jimi Hendrix to teach you guitar for 30 minutes for nothing. Come on. I'm a guitar player. So, that would be a good deal. We want you as a client, but we want you as an informed client.

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My offices in Las Vegas are open 12 hours a day for your convenience. They're open 8 hours on on Saturday. That's 68 hours a week, player. We're the only ones doing that. Everybody in my office is licensed in all 50 states and not on commission. We're the only ones doing that.

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We're doing it the right way. We're We are I'm going to single-handedly make annuities not the F word in the financial business. It's going to happen. It's going to take some time. By the way, this shirt the Annuities Stan a Festo See that non-gray hair? Wrote that a

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while back. Working on the Stan a Festo 2 right now. Epic. Epic. I'm going to It's going to be good. Should be out in um time of this taping, should be out in '27. And yes, I'll send you a free copy. You can buy it on Amazon if you want to make my wife happy, but I'll send you a free

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copy. But, that's coming. Hey, my name is Stan the Annuity Man. See you next time.

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