Is It a Good Time to Buy an Annuity?: Shootin' It Straight With Stan (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• When is it a good time to buy an annuity?

• Are annuities for market growth?

• Annuity sales tactics to be wary of

Key Takeaways:

• Annuities aren’t for everybody. If you need to transfer risk, need contractual guarantees, or solve for principal protection, income for life, legacy, or long-term care, then it’s a good time to buy an annuity.

• If your goal is market growth, then an annuity is not for you. Annuities are not market-growth products. When buying an annuity, you’re buying a contract, which means you’ll own it for what it will do, not what it might do.

• Don’t buy an annuity because someone promised “market upside with no downside”, “principal protection with market participation”, or that they’ll give you an upfront bonus. These common sales tactics mislead the buyer into buying the dream but owning a contractual reality far from what was pitched.

"Is it a good time to buy an annuity? The answer to that is, do you need to transfer risk? Do you need contractual guarantees? Do you need to solve for principal protection? Income for Life legacy or long term care?" — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

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