Fixed Annuities Explained: Which One Is Right for You?: Shootin’ It Straight With Stan
Description of Fixed Annuities Explained: Which One Is Right for You?: Shootin’ It Straight With Stan
In this episode, The Annuity Man discussed:
Transferring risk through annuities
The annuity PILL
Annuities are for guarantees and not growth
Key Takeaways:
Fixed Annuities provide lifetime income by transferring longevity risk to insurance companies. They offer over 40 different structures, such as life/joint life with cash/installment refund.
Buy annuities only if your goal is any of these: principal protection, lifetime income, legacy options, and long-term care coverage.
Annuities are contracts. They are bought for contractual guarantees and not hypothetical or theoretical market growth.
"With good information, you can make good decisions." — Stan The Annuity Man.
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Email: Stan@TheAnnuityMan.com
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