Ventilator Annuity Lifetime Income: Shootin' It Straight With Stan (TAM Classic)

In this episode, The Annuity Man discussed:

• Solving for longevity risk

• Four products for lifetime income

• Focusing on guarantees

Key Takeaways:

• There is no ROI until you die. Up until then, it’s a transfer of risk to the annuity company to solve for longevity risk. The longevity risk is the fear that you’ll outlive your money. An annuity will pay as long as you’re breathing, even if you are on a ventilator.

• The annuity industry has four major types: Single Premium Immediate Annuities, Deferred Income Annuities, Qualified Longevity Annuity Contracts, and Income Riders. All four provide a lifetime stream as long as you are breathing or if you set it as joint-life, as long as you or your spouse is breathing.

• Forget all the shiny things that agents try to make you fixate on. Focus on the guarantee that you will get paid as long as you’re breathing. You could also structure the contract so that your money goes to your beneficiaries when you die.

"The good thing about turning on lifetime income stream and transferring that risk to an annuity company to pay for as long as you're breathing or on a ventilator is that it's turnkey. And there will come a point if we live long enough that we will need that income to be turnkey." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

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