What Is The Definition Of An Annuity?

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What is the definition

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of an annuity? Boy, that's a loaded

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question. I'm sure all of you out there

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are filling in the blanks yourself. Hi

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there, my name is Stan the Annuity Man,

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America's annuity agent, licensed in all

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50 states in Puerto Rico. Let's get to

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this quickly because I want to define it

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properly because out in the hinterlands

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of America where annuity agents roam

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sniffing and looking for the highest

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commission possible, you need to be

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aware of how they will define it. You

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need to understand how it should be

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defined for you if you're considering an

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annuity strategy for retirement. after

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this.

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All right. So, the definition of an

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annuity is a life insurance company

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issues annuity. Annuity is a contract

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from that life insurance company. It's a

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transfer of risk, meaning 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 to solve for four primary

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things. That acronym is PIL. P stands

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for principal protection. I stands for

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income for life. L stands for legacy.

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The other L stands for long-term care.

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We ask two questions to see A, if you

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need an annuity and B, if you do, which

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one's going to provide the highest

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contractual guarantee. Those two

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questions are, what do you want the

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money to contractually do and when do

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you want those contractual guarantees to

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start? Annuity, the word comes from the

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Roman times when the Roman soldiers were

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given a pension from the empire for them

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laying it on the line for the empire and

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that was that was a payment called an

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annua. And that's where annuity comes

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from. So a lot of people think that the

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definition of an annuity is a payment.

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It's not. Annuities don't have to be for

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lifetime income. Four of the products do

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solve for lifetime income. Immediate

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annuities, single premium immediate

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annuities, deferred income annuities,

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qualified longevity annuity contracts

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and income writers, but there are

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products that just protect the principal

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like multi-year guarantee annuities

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which are called Migas. So those are not

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lifetime income products. You can take

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interest off the top for income needs,

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but that's not a transfer of risk

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lifetime income.

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Okay, the definition of annuity is is

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really the purest form or payments. Even

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though there's many types of annuities

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now, but annuities as a category, the

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only in category that offers lifetime

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income guarantees for as long as you're

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breathing.

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So if you lived 125, it's going to pay

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to 125. If you lived 150, it's going to

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pay to 150. If AI solves your life

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expectancy and somehow we all live

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forever, you better choose a good

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company, A+ or better. That's all I'm

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going to allow you to do for lifetime

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income. The definition of annuity is

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transferring the risk. The definition of

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an annuity is a contract. The definition

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of annuity is not market growth.

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The definition of an annuity is not

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hypothetical returns or theoretical

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returns or upfront bonuses. All of these

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shiny things that have occurred in the

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last 15 years as baby boomers were

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reaching age 65 and currently I think

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it's 15,000 15,000 per day are uh are

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reaching age 65. They're looking for

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income. Those people are looking for

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income and guarantees

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which is why we're the biggest company

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out here. You know, the annuity man is

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not just me. It's it's the biggest staff

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in the industry located in Las Vegas,

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Nevada, all under one roof. all

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licensed, not on commission, and we're

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open 12 hours a day, Monday through

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Friday, and eight hours on Saturday. So,

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68 hours per week, so that we can reach

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all 50 states in Puerto Rico. We only

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look at the contractual guarantees of

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the policy. Why? Because that's the

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definition of an annuity.

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There's a lot of people in our industry

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that try to redefine what an annuity

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should be.

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An annuity is not maybe you can get a

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market return. An annuity is the

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definition is not

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non-g guaranteed returns. If you buy the

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dream, you're going to own the

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contractual realities. So, let's just

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stay at the contractual realities, but

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the high commission products are the

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ones that have hopes and dreams and

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hypotheticals and theoreticals and non

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guaranteed returns.

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And I know we live in America, we we

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want our cake and eat it too. We want

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everything.

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We don't want to exercise. We want to be

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skinny. We don't want to work hard. We

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want to be rich.

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We don't want We want to be a great

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golfer. We don't want to go to the

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driving range. But with annuities, the

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definition should be for you

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transferring risk. What do you want to

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transfer the risk? The definition of

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annuities

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should be noncorrelated, meaning not

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attached to the market. Even though the

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vast majority of the products that are

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sold, keyword sold and pushed in the

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industry are market hopeful products,

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which is a joke. It's a joke. The

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annuity industry has a monopoly on

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lifetime income, but we never talk about

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it. Except I do. And that's the reason

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we're we're the top people out here, my

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organization, is we sell guarantees.

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Nobody ever calls me up and goes, "Boy,

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did you see the markets yesterday, man?

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How'd that affect the contractual

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guarantees we have in place?

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It didn't. It won't. Hey, did you see

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that story on AI the other day and all

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those data centers? Did you see that

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thing on Bitcoin? Yeah, I saw it. Does

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it affect us? No, doesn't affect us.

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The definition of annuities in your

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world should be not attached to the

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market. The def definition of annuities

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should be creating the income floor.

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that amount of money in addition to

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social security, the other annuity that

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you own, the best inflation annuity on

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the planet, so that you can go invest

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the rest of your money in non-anuity

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products and have that income floor in

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place. The definition of annuities needs

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to be very simple and easy to

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understand. It needs to be easily

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explained to your spouse and your second

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graders,

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children or grandchildren.

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If you can't explain it, don't buy it.

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Do me a favor. or go to my site. You can

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email me stantheanuityman.com. You can

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schedule a call with me. You can run

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quotes 247365. You can download my

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books. I've written six owners manuals.

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I actually have another book coming out

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this um in the next few months. I'm

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working on it. It's called the Annuity

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Manifesto 2. Um which should be

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interesting and gamechanging as well.

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Now, the one thing about my site that

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you're going to like is that you can run

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quotes without putting in your personal

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information. You got to put in your date

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of birth, but if you put in your date of

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birth, your gender, and your state of

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residence, you can get the quote.

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We're not trying to capture information

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so we can ping you and email you and

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bother you. We don't ask for your phone

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number. The only way we're going to get

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your phone number is if you schedule a

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call with us because I got to call you.

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I'm not in the business of building a

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database. I'm in the business of

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building a business that's proconsumer.

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That's all about you.

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I'm going to give you the things you

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want for free. I'm going to give you the

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things you want without giving me the

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information. I don't like giving my

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information online. So, it'd be

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hypocritical to have um a website that

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did that. My consultants are still

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running around the office with their

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hair on fire screaming and yelling. I

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don't care. Who cares? It's my company.

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I do what I want.

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similar to like you go to the car

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dealership and the little Johnny car

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like you want to buy, you want to buy,

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you want to drive, you want. Shut up.

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Leave me alone. Our site's not like

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that. Quote all carriers on your terms

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and your time frame and don't give me

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your information unless you want to.

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Now, if we go through the application

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process, I have the best team in the

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planet, the biggest, actually the

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largest headcount team in the business,

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and we're hiring. If we could h listen,

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if we could hire people that really

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wanted to work hard, I'd hire more and

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more and more. It just takes us 30

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interviews to find the one. But the

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definition of an annuity should be

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contractual and not attached to the

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markets. It should solve for something.

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I always ask people all the time, "What

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are you trying to solve for?" I'm

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thinking about an annuity. What are you

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trying to solve for? Pretty basic. Hey,

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do me one last favor. Spending Clock

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Above me, I did a um a video on uh

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attention all annuity haters. you

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already own an annuity, social security,

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but I go into it deeper because you

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actually own more than that uh annuities

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and you might need to add to that from

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an income flooring standpoint, but I had

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fun with that and you'll get a kick out

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of doing that. Do me one last favor?

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Join me on these videos. I'm shooting

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one a day until I drop dead. Don't

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believe me? Go to my go to my YouTube

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channel and scroll and you'll see a

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video a day for infinity.

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Seven days a week a new video hits. Why?

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Good question. is because a we're the

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top group out here. It's not just me. I

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have a huge team, but I'm I'm committed

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and determined to change the narrative

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with annuities. They're good products.

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They're good transfer risk products, and

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you should take a look at them. And if

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you do, consider using us and buying

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your annuities. From the annuity man, my

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name is Stan the Annuity Man. I will see

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you next time.