In this episode, The Annuity Man discussed:

• State guaranty funds

• The true safety of the industry

• Life insurance companies are more regulated

• Assigning unused money to beneficiaries

Key Takeaways:

• If you look at the state guaranty fund, each state has a specific rule in place to protect you and your money in case something happens to the carrier.

• You should be buying the claims-paying ability of the life insurance company from the standpoint of safety. The true safety of the annuity industry is the industry policing itself.

• Life insurance companies are not smarter than banks, they’re just more regulated. The company is handcuffed from making financially stupid decisions.

• You can structure an annuity so that 100% of any unused money goes to your family or beneficiaries.

"You can protect yourself and your hard-earned money in a myriad of ways. You can protect it by buying very good companies, by buying underneath the state guarantee fund within your state, and by structuring the policy so that 100% of any unused money goes to your family or beneficiaries." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: Stan@TheAnnuityMan.com

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g

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