Jun 1, 2021
In this episode, The Annuity Man discusses:
- The historical journey of indexed annuities and how they’ve gotten to where they are today.
- The questions to ask your advisor about your indexed annuities.
- The golden rule of annuities - they have the gold, so they make the rules.
- The problems with backtested numbers.
Key Takeaways:
- For anyone to say market upside with no downside or market participation with principal protection is misleading and blatantly false.
- If you get a big bonus with an annuity, you’re paying for it. You’re financing it over time (it’s not being given away by the annuity company).
- You need to understand why you want an indexed annuity before you shop for an indexed annuity.
- All annuity commissions are built into the cost, but they are hidden from the client.
"I think backtested numbers should be illegal. I think the stuff they put in brochures should be illegal. And here's why - because if you're looking at it now, you've already missed it." — Mr. FIA-X
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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