What Is The Best Company To Get An Annuity From?

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So, what is the best annuity company to buy from? Boy, that’s a loaded question.

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My name is Stan The Annuity Man, America’s annuity agent, licensed in all 50 states.

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Promise me never to ask anyone but me that question. Because if you ask any other agent,

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advisor, or master of the universe, they have a product of choice they’re going to

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try to jam down your throat. They have an annuity product that they’ve learned

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how to do the paperwork on, and they’re going to try to force-feed it to you.

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Okay? There is no best annuity company. But I’m going to dig into that and explain

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how you can overcome that question and never ask it to anyone but me after this.

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So, when it comes to “What’s the best annuity company?” I get that question all the time.

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“What’s the best annuity company out there to get my annuity from?”

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First of all, what type of annuity? Second of all, what are you trying to solve for?

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I don’t care about the company. I represent every company.

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For lifetime income, it’s A+ or better. We’re not going to argue about that because that’s

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the way it’s going to be, and that’s the way it should be.

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So, what’s the best annuity company? No, no, no. What’s the best contractual guarantee,

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Stan? Not the best annuity company. What’s the best contractual guarantee?

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You own an annuity for what it will do, not what it might do.

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So, those two questions are: What do you want the money to contractually do?

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And when do you want those contractual guarantees to happen or start?

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That’s it.

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That’s it.

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Knowing that annuities only solve for four things. The acronym is PILL:

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principal protection, income for life, legacy, and long-term care.

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These are not growth products. These are not market products.

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These are not stock alternative products. These are not market alternative products.

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Lifetime income and principal protection are the primary two things people look for.

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So, what’s the best annuity company to buy from?

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It’s the best annuity company that provides the highest contractual guarantee.

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So, if you say, “Stan, I need income to start in 30 days,” we’re going to

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quote all immediate annuity carriers for the highest contractual guarantee.

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“Stan, I need income to start in 7 years with Non-IRA money.” Okay, we’re going to

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quote deferred income annuities and income riders for the highest contractual guarantee.

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“Hey, Stan, I just want to protect the principal and get a guaranteed

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interest rate like a CD." That’s MYGAs. We’re going to look for the duration that

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you want that provides the highest yield contractually for that specific time period.

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We start with the contractual guarantee. We go backwards into the name of the company and the

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quality of that company from a rating standpoint: AM Best, Standard & Poor’s, Moody’s, and Fitch.

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There’s no best company.

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That happened a long time ago when you had captive agents and they only sold their product.

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And there’s a couple left out there, but most of them, I have those contracts too.

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Their company wants me to sell it because they know how I sell it, which is contractual guarantees only.

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And if they’re not at the top and they don’t meet our sniff test

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for quality and ratings, etc., then we don’t recommend them.

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So, what’s the best annuity company? It’s the one that is the highest-rated, that provides the

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highest contractual guarantee, and that is easy to work with with my team and on your behalf.

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There are a lot of companies out there. We represent most of them, but there are some

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high-rated companies that we no longer do business with until they get their stuff together on the

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administrative side. They’re strong financially, but they’re a complete nightmare to work with.

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So, what’s the best annuity company? There’s a lot that goes into that.

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We first look at the contractual guarantees. Are they at the top? Then we look at the ratings,

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then we look at their financials, then we look at their administration, and then we present it to you.

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Or, if you run the quotes on my site yourself 24/7/365 and you choose a carrier and set a

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time to speak with us, then we’re going to tell you. “Yes, we like them.”

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“No, we don’t like them.” “Here’s the reason we don’t like them.” “Here’s the reason that we like them.”

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But we start with the number, not the name.

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It’s not about the name. It’s about the number.

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It’s not about the shiny things. It’s about the number.

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It’s not about the upfront bonus. It’s about the number.

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It’s not about the growth on the income rider side. It’s about the number.

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It’s about the number. It’s about the contractual guarantee.

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It’s not about hypotheticals. It’s not about theoreticals. It’s not about back-tested.

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It’s not about unicorns chasing butterflies. It’s about the number that’s contractual.

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It’s not about you liking the agent. It’s not about you going

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to church with them or playing golf with them. It’s about the number.

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It’s not about the logo. It’s not about how it looks,

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the color scheme. It’s about the number. It’s about the contractually guaranteed number.

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Because when you buy an annuity and transfer the risk,

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you’re buying it from a life insurance company that’s going to issue you a contract,

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and you’re going to buy it for the contractual guarantees because it’s about the number.

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These agendas that are out there, “Well, sir, I’ve looked through

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all the annuity companies, and this is the best one.”

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I heard that the other day. A guy called me up and said,

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“Well, this guy said that he looked at all of them, and this is the best one.”

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It wasn’t even an A+ carrier for lifetime income.

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This guy’s pitching lifetime income. It wasn’t even an A+ carrier.

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I’m like, “I don’t know what filter he’s using,

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but he’s not using a good one because it’s about the number.”

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It was obvious that the person recommending that product wanted to go on the trip, wanted to get

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that extra two percentage points in addition to the seven that they were getting built in.

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It was obvious that person had only learned how to do the paperwork for that one carrier.

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It was obvious that they were lazy.

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It was obvious that they were not taking a fiduciary approach to things,

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which means it’s not about a plaque on the wall.

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It’s about doing what’s right for you. It’s about the number.

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In the world of putting you ahead of us, it’s showing the highest contractually guaranteed number.

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That’s it.

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I don’t know what else to say.

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And I get passionate about it because annuity companies hope that they get an agent army that

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just sells their stuff, knowing that it’s not the highest contractual guarantee all the time,

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knowing that they don’t have the best. They want that agent army to sell their stuff.

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I get it.

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I understand that.

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I represent those companies too, and I have nothing against them.

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I just know that these are commodities.

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Quotes change like a gallon of milk.

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That’s the reason we quote all carriers.

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If you’re representing one carrier, I mean, maybe it’s high, maybe it’s low, maybe it’s not.

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Who cares? Maybe they’re trying to go after people that just trust them.

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I’ll tell you what. You don’t have to like me, and you probably don’t.

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You probably think I’m a jackass and just have a chip on my shoulder.

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Well, I’ve been doing this for 30 years. I’m the top agent in the country.

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Don’t need to have a chip on my shoulder.

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What I do get upset about, though, is people don’t look at the number.

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They only see one thing, or they make their decision on non-guaranteed proposals or hypotheticals.

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So, what’s the best annuity company to buy from?

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You’re right. It’s not the name. It’s the number. It’s the highest

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contractually guaranteed number, quoting all carriers, which we can do for you.

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You can do that on your own at my site, theannuityman.com. You can go there

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and download my owner’s manuals for free. They’ve been downloaded a gadzillion times.

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You know what? I’m going to ask how many times those have been downloaded.

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It’s got to be unbelievable.

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Do me a favor. Up above me is a spinning clock. I did a video recently on how

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artificial intelligence, AI, is going to affect the annuity industry, not might affect,

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not could affect, will affect the annuity industry sooner than later.

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It is worth you watching, especially if you’re looking at lifetime income.

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Okay? So, give that a look.

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And I might calm down, I might not. But this is me, man. This is me, transparent.

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This is how I do it. It’s how I bring it.

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Everybody in my office in Las Vegas, licensed in all 50 states, is not on commission,

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but they tell the truth. If you tell the truth, you don’t have to remember anything,

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according to my grandfather, Hunter Garrison. And he was right.

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See you next time.