Stan The Annuity Man |
October 24, 2013 |
Annuity Basics, Annuity Definition, Ask Stan The Annuity Man, Fixed Annuities, Member Posts, MYGA
Question: I’ve been trying to do some research on fixed rate products, and want to know the difference between a Traditional Fixed Annuity and a MYGA annuity. What is the difference, if any? from Robert in Chicago, Illinois Answer: Good question Robert, and yes there are distinct differences between Traditional Fixed Annuities and MYGA (Multi Year Guarantee Annuities) annuities or sometimes called fixed rate annuities. Let take a closer look at both from an excerpt from my book, The Annuity Stanifesto. Traditional Fixed Annuity Traditional...
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Stan The Annuity Man |
October 17, 2013 |
Annuity Basics, Ask Stan The Annuity Man, Fixed Annuities, Member Posts, MYGA
Question: Every agent I meet with tries to sell me a variable annuity or indexed annuity. All I really want is a fixed rate guarantee. Is there an annuity that actually works like a CD? from Bill in Matthews, North Carolina Answer: Yes Bill, there is an annuity structure that functions like a CD. That type of annuity in the industry is referred to as a MYGA. MYGA stands for Multi Year Guarantee Annuity, but it is also appropriately referred to as a Fixed Rate Annuity. ...
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Stan The Annuity Man |
October 16, 2013 |
Annuity Basics, Annuity Bias, Miscellaneous Annuity Info
Have you ever considered why an industry that offers dependable transfer-of-risk focused solutions to those interested in protecting their retirement assets can generate so much hate? The industry being referenced is of course the Annuity Industry, which somehow has many people bashing it….many of which are not even exactly sure why after getting past the “annuity hater talking points” described further in this article. So why is the annuity industry receiving such flack? Is it justified? Who is spreading the sour milk? First, this article...
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Stan The Annuity Man |
October 11, 2013 |
Annuity Basics, Annuity Beneficiaries, Member Posts
Written By: Lyndol Anderson in Abilene, TX For persons interested in setting up an annuity, knowledge of the difference between an owner driven contract and an annuitant driven contract is very important. It is sometimes very hard to distinguish but the differences between the two can have an undesired effect upon control of the contract and the distribution of the account value. The core discrepancy between the two styles of annuity contracts comes into play when there is a death of the owner and/or annuitant....
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Stan The Annuity Man |
October 10, 2013 |
Annuity Basics, Annuity Definition, Ask Stan The Annuity Man, Member Posts
Annuities are the curse word of the financial industry. Because of decades of bad selling practices, annuities have earned their bad reputation as “too good go be true” products that aren’t what they were pitched to be by the typically aggressive annuity agent. This negative stigma is unfortunate because annuities have their appropriate place in a lot of portfolios if you fully understand how they work, and how they should be allocated to compliment your current holdings. The past is the past, so let’s take...
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Rob Brinkman |
October 7, 2013 |
Annuity Basics, Annuity Definition, Annuity Videos, Fixed Annuities, Index Annuities, Member Posts, Rob Brinkman, Variable Annuities
Have you been sold or “pitched” an annuity and you have no idea if it is the right kind of annuity for your specific needs? As you hopefully know, there are numerous types of annuities that are designed to address a specific risk or groups of risks that many retirees face. A set of pros and cons for one annuity type is often completely different when analyzing benefits and features of other types. Education is key, and the video below does a great job in...
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John L. Olsen |
October 1, 2013 |
Annuity Basics, Annuity Suitability, Annuity Taxes, Deferred Annuities, Fixed Annuities, Immediate Annuities, Index Annuities, John L. Olsen, Member Posts, Miscellaneous Annuity Info, Variable Annuities
If you are considering the purchase of some kind of annuity, you know what you want and need. But how can you determine whether the annuity product being recommended to you will meet your needs better than a different kind of annuity or some non-annuity alternative (such as a CD or mutual fund)? And how did the insurance agent showing you the annuity decide that the product he’s showing you is the one most suitable for you? The answer to both questions lies in that...
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Rob Brinkman |
September 27, 2013 |
Annuity Basics, Index Annuities, Member Posts, Rob Brinkman
Just what is this hyped up “Hybrid” Annuity that so many annuity agents and financial advisors are talking about? The term ‘hybrid annuity’ is often used to describe a Fixed Index Annuity (FIA). In this video, Rob Brinkman explains how a Fixed Annuity chassis is used as a platform for the “Hybrid” Annuity, and how the insurance company provides its Index Annuity owners with the opportunity to participate in market upswings while being protected from market downturns with the use of options. The following FAQs...
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Stan The Annuity Man |
September 26, 2013 |
Annuity Basics, Ask Stan The Annuity Man, Fixed Annuities, Index Annuities, Member Posts, Variable Annuities
Question: Annuities seem to be the hot financial product with all of the advisors I have recently met with. They can’t be good for every single person, so who should not buy an annuity in your opinion? from Walt S. in Lincoln, Nebraska Answer: Great question for the annuity buying public Walt. Much appreciated for the opportunity to provide this much needed answer. First of all, it’s important to know what annuities actually are and what they should solve for within your portfolio. Annuities are...
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Stan The Annuity Man |
September 19, 2013 |
Annuity Basics, Annuity Definition, Ask Stan The Annuity Man, Fixed Annuities, Immediate Annuities, Member Posts, SPIA
Question: I have some serious health issues, and have heard about immediate annuities that have a higher payout if you are sick. I think that they are called “Rated” Single Premium Immediate Annuities. What is that? from Colin in Boise, Idaho Answer: Thanks for the question Colin, and I’m sorry to hear about your health issues. Your question is a good one, and most people in the annuity industry don’t even know this product exists. Some call this product a “Rated Single Premium Immediate Annuity”,...
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