What's the Best Way to Shop for Annuities?
We want to help your business during this COVID-19 crisis. BuddyIns will be hosting a series of free webinars on marketing innovation. Register here to join us!
"Information is liberating." - Kofi Annan
Welcome to The Insurance Experts, your weekly spot for planning stories and strategies that matter to you and your clients.
Click Subscribe above to be notified of each free edition.
Also, subscribe to Financial Planning Innovation and Inside the Mind of an Actuary where more experts share their stories.
"You see people say, I hate all annuities. It's like saying I hate all restaurants or I hate all socks or I hate all cars. I mean, annuities are contracts and they primarily solve for four things." - Stan the Annuity Man
On this episode of The Insurance Experts, I interview Stan the Annuity Man. Stan is a lightning rod figure in the annuity industry because of his strong opinions about the ways agents and advisors recommend annuities. Whether you love him or hate him, I have learned a lot from his educational video series.
Stan and I discuss his approach to shopping the market for annuities. Stan puts the most value on the contractual guarantees that annuities provide. He tends to discount much more than most advisors the non-guaranteed elements of the contracts. So, he does not recommend annuities for the growth aspects where it is tied to the market.
In my opinion, consumers should understand their options and both the pros and cons of the alternatives. There are advisors that have recommended strategies tied to the markets and depending on the downside protection, their clients have fared well during this recent period of market volatility (note: we filmed this video prior to the recent COVID-19 market downturn.) So, the key as usual is to consult with an annuity expert.
Stan uses an acronym called P.I.L.L. to describe the annuity use cases that he recommends:
P: Principal protection
I: Income for life
L: Legacy
L: Long term care
Stan shops the market by looking at the product that offers the best rates on the contractual guarantees with these objectives in mind.
Join The Community of LTC Planning Experts at BuddyIns.com
BuddyIns is a community of long term care insurance specialists. We are dedicated to helping families across the country with customized LTC planning solutions.
Organization + Advice + Accountability = Achievement (PlanWithChris.com)
4 年look forward to this...
State life insurance policy Faisalabad
4 年we are here to provide the guest post service.All niche's are available. we offered paid guest post on our website and blogs. Get rank your site with manual google SEO. let me know if you are interested. Website DA PA https://www.the-pool.com 64 49 https://www.officialroyalwedding2011.org 65 56 https://www.chartattack.com 63 55 https://www.icharts.net 62 53 https://oceanup.com 61 53 https://www.pope2you.net 61 49 https://www.weirdworm.com 60 52 https://scholarlyoa.com 59 52 https://thewashingtonnote.com 59 47 https://www.atlnightspots.com 58 52 https://www.jaxtr.com 57 53 https://butterflylabs.com 55 47 https://bel-india.com 54 50 https://pmcaonline.org 53 45 https://cookinginstilettos.com 50 47