When Should You Buy An Annuity?

00:00

Hi there, Stan The Annuity Man, America's annuity agent licensed in all 50 states and Puerto Rico. Question is, when should you buy an annuity? Great question, but there's an interesting answer to that that you're not going to expect. And I'll get to that after this. >> [music]

0:24Different Types of Annuities

00:24

>> So, when should you buy an annuity? You already own one, it's called Social Security, the best inflation annuity on the planet. Um you also own one if you have a pension, that's an annuity. Uh for lifetime income. Another one that you might not believe,

00:40

but is annuity type payment, is required minimum dis- distributions on your IRA. You're getting those payments for life every single year at a specific age that you turn them. I'm not going to mention that age cuz I'll date myself on the on the video, but you know what it is at

00:53

the time of this taping. But those are annuity payments. So, when should you

0:57When To Buy An Annuity

00:59

buy an annuity? It's a very simple answer. It's not when someone wants to sell you one, it's when you want to contractually solve for something. Annuities solve for four things. The acronym is PILL. P stands for principal protection, I stands for

01:14

income for life, L stands for legacy, the other L stands for long-term care. But bigger than that are the two questions that I came up with that we use with every single conversation. First question, what do you want the money to contractually do? Think about

01:31

it. Contractually, not hypothetically. And when do you want those contractual guarantees to start? Do you need income to start now? Do you need income to start later? Do you need life life uh life life insurance type long-term care? Something like that? What do you need?

01:47

Do you need legacy? Do you need principal protection? What

1:51What You Don't Need

01:51

you what you do not need is growth. What you do not need is non-guaranteed returns. What you do not need is hypotheticals and theoreticals. And the the hottest products out there, you know, registered index linked annuities and index annuities, those are all hypothetical.

02:10

Non-guaranteed returns. And I guess we live in America, which I Of course we live in America. But I guess we live in a country that is all about hopes and dreams, you know, things are going to work out, those type of things. Chapter two, your life had better be about contractual

02:26

guarantees. You don't have time to make up for bad decisions. Annuities aren't investments. They're contracts. They're transfer risk contracts. You're transferring the risk to either protect the principal, to to have lifetime income, to have legacy, or to have long-term care.

2:43How To Build Your Income Floor

02:43

And when's the right time to buy an annuity? When should I buy an annuity? When do you need to solve for that? The typical solution people are trying to solve for is that income floor, the amount of money that's hitting your bank account every single month that

02:57

you live on. Social Security, pension if you're so fortunate, there's only nine com- 9% of the companies that even offer it. You know, if you're a government worker or military, you'll get it. Okay? Whatever's hitting that bank account, what is that amount that you need?

03:11

That's where annuities come in. We can fill the gap contractually and make sure that 100% of the money goes to you or your beneficiaries, and the annuity company doesn't keep a penny. We If you believe that if you die mon-

3:21Common Misconception About Annuities

03:23

annuity company keeps the money, you've been to the wrong cocktail party. Can you structure that that way if you're a misanthrope and you hate everybody in your family? Sure. But 99% of the people structure it so that when they pass away, if there's money left,

03:37

the it goes to the family 100% and the annuity company doesn't keep a penny. Yet the annuity company is on the hook to pay for as long as you're breathing and or on a respirator and I and a coma. When should I buy an annuity? When's the right time to buy an annuity?

03:51

It's when you want to solve for that guarantee. Now, you can also solve for

3:54How To Use Annuities For Lifetime Income

03:55

the guarantee happening in the future. If you answer the question, what do you want the money to contractually do and you said income, when do you want those contractual guarantees to start and you said we want lifetime income to start for both of us, joint life, in 6 years, 5

04:09

years, whatever. Then you can lock in to the penny what that lifetime income stream will be now. Contractually. There are four types of annuities that solve for lifetime income. QLACs, used in traditional IRAs, DSPs, and um income riders. We are going to

04:30

suggest, after those two questions are answered, the best product types that give you the highest contractual guarantee. And for lifetime income, we don't care about the name, we don't care about the brochure, we don't care about the logo. A+ or better, highest number. A+ or

04:45

better, highest number. A+ or better, highest number. No exceptions. When should you not buy an annuity? When

4:51When NOT To Buy An Annuity

04:53

you're looking for market growth. When should When When should you not buy an annuity? When you're basing your decision on stupid things like upfront bonuses or back-tested numbers or hypothetical illustrations. I've been on the annuity industry forever to just get rid of all the

05:13

back-tested hypothetical theoretical nonsense. Who cares? This industry industry would triple overnight if everyone did what I what I do. Now,

5:26Why We're The Top Annuity Company

05:26

fortunately, you know, for my wife and my kids, nobody's doing it but me, and we're number one. I don't know why people don't just follow what I'm doing. They don't. So, we're number one. We have the biggest uh you know, direct-to-consumer group in the country. Biggest biggest

05:42

building, bunch biggest bunch of people, represent all carriers, and we look at annuities as commodities. Everybody in my office is licensed in all 50 states, but not on commission. They're not hammers looking for nails. We're here to help. We're going to take everything

06:00

from start to finish um with the application process. We're going to be in touch with you professionally. We're going to run toward the bullets.

6:11How You Can Buy Annuities With Us

06:11

So, when should you buy an annuity? When is the right time to buy an annuity? Should I buy an annuity? Only if you're trying to solve a contractual guarantee. Because if you buy the dream, you're going to own the contractual reality. And the contractual reality is the

06:24

policy. And when you get a policy in the mail, it's contract. So, guess what we do? We start and end at the contract. We don't do any of the fluff. Any of the hypo. Any of the hypothetical stuff. We hope you choose to use us for your annuity purchases, and at a

06:43

minimum to research annuities, and then choose us. Put us through the process. You can email me, [email protected]. You can schedule a call and demand to get me if you want me. You can go to my site and download all the books for free. I've written six owner's manuals.

06:58

We're here to help. We're here to educate. We're here to give you enough information so you can make your decision on your terms and your time frame. That simple. We're open 12 hours a day. 8:30 to 8:30 at night. 8 hours a day on Saturday. 68 hours a week. Nobody in the

07:14

business is even close. And they never will be because they don't have the work ethic that we do. I'm not just I'm not flexing. I'm just telling you the truth. I will not be outworked. I will I will not be out thought. I will not be out spent. I'm in it. The money

07:32

The money issue left decades ago. I'm in it to clean the industry up. I'm in it so you can make a good decision. I'm in it so when you ask, "When's a good time to buy an annuity?" you get a real answer, not a sales pitch. That's why. Grandfather said a long time ago, if you

07:46

tell the truth, you don't have to remember anything. That's our business model. Do me one last favor, above my

7:51Next Steps and Helpful Resources

07:52

head, spinning clock on an on a video that I did recently about how annuities can solve for inflation. Not hypothetically, not theoretically, contractually and factually, the best way. There's no annuity product that floats magically to solve for

08:10

inflation, but boy agents will tell you they have it. They don't. Put your thinking caps on out there. There's no philanthropist out at annuity companies giving anything away. They're contracts. You're transferring the risk to them. I hope you'll take me up on the offer at my

08:26

site, download the books, email me, schedule call, but get us involved before you make the final decision. My name is Stan, The Annuity Man. See you next time.