Stan The Annuity Man |
May 9, 2013 |
Ask Stan The Annuity Man, Member Posts
Question: How do I know that the annuity company or insurance carrier is safe and can back up the policy guarantees? Ernest from Wisconsin Answer: Timely question Ernest, and very important when deciding to allocate funds to an annuity strategy. Annuity guarantees are only as good as the insurance company standing behind the policy. Even though annuities and life insurance are backed at the state level, your decision should primarily be based on the issuing company. As a point of interest, you can go the...
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Stan The Annuity Man |
May 2, 2013 |
Ask Stan The Annuity Man, Member Posts
Question: What should I expect an annuity to do? Why should I consider buying one? Fred from California Answer: Let me start by annoying the “annuity sales gods” by saying that you might not need an annuity. Gasp! That’s right, annuities are not for everyone even though a lot of agents have a “one size fits all” mentality when it comes to selling them. I have come up with an easy acronym to use to determine if an annuity might be a suitable and appropriate...
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Stan The Annuity Man |
April 25, 2013 |
Ask Stan The Annuity Man, Hybrid Annuities, Member Posts
Question: Stan, I have met and talked to a few agents to see if an annuity is right for me and they all keep using the word “HYBRID” to explain their recommendation. Is a hybrid annuity new? Jim from North Carolina Answer: Thanks for a very timely question, Jim. I recently addressed this “hybrid hype” issue in my weekly MarketWatch.com column (click here). I encourage you to take a look. The short answer to your question is NO. The word hybrid associated with the word...
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Stan The Annuity Man |
April 18, 2013 |
Ask Stan The Annuity Man, Income For Life, Member Posts
Question: Stan, what are the best ways to get a lifetime income stream from an annuity? Larry from Maryland Answer: Good question Larry. Annuities are pure transfer of risk strategies, and the only product that guarantees income for life regardless of how long you live. There are really 2 ways to solve for lifetime income using annuities, Income Now or Income Later. You either need income to start immediately or sometime down the road. Let’s look at the best ways to achieve both. Income Now...
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