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Fixed Annuities

Is There An Annuity That Works Like A CD?

Stan The Annuity Man

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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Pros and Cons of Annuities – By Annuity Type

Rob Brinkman

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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How Do You Know If An Annuity Is “Suitable” For You?

John L. Olsen

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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Who Should NOT Buy Annuities?

Stan The Annuity Man

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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What is a “Rated” Single Premium Immediate Annuity?

Stan The Annuity Man

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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What Are Fixed Annuities?

Stan The Annuity Man

Provided By: The Annuity Guys If you are having trouble sleeping, you could count sheep or you could think about fixed annuities. Solid, unexciting, stodgy and downright boring are all wonderful terms to describe fixed annuities….along with safe, steady and simple.  Fixed annuities offer competitive interest rates, typically a couple of percentage points higher than bank CDs and money markets.  They were never designed to give returns comparable to the stock market, but this is due to the fact that they remove a layer of...

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What Annuities and Apple Juice Have in Common (Advanced Annuity Review)

Rob Brinkman

In this video, you will learn some advanced annuity concepts, the pros and cons of annuities, and why annuities are similar to apples in the fact that there is only so much juice you can squeeze from each product. Given the large amount of Index Annuities available for investors, the average consumer can quickly get overwhelmed.  This educational video walks the viewer through the different variables and how they affect one another inside an annuity contract. This educational video explains (in a very detailed, yet...

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Do All Advisors Have Access To Every Annuity Out There?

Stan The Annuity Man

Question: I’ve met with a couple of agents and advisors and keep seeing some of the same companies.  Do all advisors have access to every annuity out there?  Roy from Charleston, South Carolina Answer: This is an important question Roy, because a lot of annuity salespeople call themselves “independent”….but they might only recommend just a few of their favorite companies.  Let’s take a look at the 3 primary types of annuity sales people that you will run across, and each of their annuity inventory limitations....

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Are Annuities Regulated At The State Or Federal Level?

Stan The Annuity Man

Question: Who regulates and oversee annuities?  Is it at the state level or at the federal level?  Bart from Santa Barbara, California Answer: Great question Bart, but as usual with annuities, the answer is a little complex.  Annuities are regulated at the state level, and each state has a guarantee fund that backs up policies to a certain dollar amount.  To find out the specific levels for your state, go to www.nolhga.com.  There’s no uniformity in coverage, and every state has different dollar protection limitations. ...

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What Is the Best Annuity?

Stan The Annuity Man

Written By: The Annuity Guys Are you trying to figure out which annuity will offer the best way to grow your money safely and generate income that you can count on as long as retirement lasts (without depleting your initial principal)? There are hundreds of insurance companies offering thousands of annuities – but how do you know what the best annuity is for you? It really is pretty simple. The best annuity is an annuity the helps to fulfill your specific financial objectives. However, don’t be surprised if your...

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