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“Fun With Annuities” The Annuity Man Podcast

May 24, 2023

In this episode, The Annuity Man discussed: 

  • What is a life-only lifetime income stream? 

  • How you can choose where your money goes when you die

  • The many ways that you can structure an annuity 


Key Takeaways: 

  • People who complain that annuities are bad because the money goes poof when the policyholder dies are talking about one type of annuity that’s structured in one specific way: a life-only lifetime income stream. There are 40-plus different ways to structure an annuity. 

  • Annuities can be structured so your money doesn’t go to the annuity company when you die. They’ll be on the hook to pay as long as you’re breathing, and the money will go to whichever beneficiary you want it to go to. 

  • It is up to you if you want the money in your annuity to disappear when you die. Someone who doesn’t have any meaningful ties to their family, can just get a life-only lifetime income stream and enjoy high payment for themselves. 


"The bottom line is when you set up lifetime income with annuities - and there are many different types - they all can be structured so that not one penny is going to be kept by the annuity company, even though they're on the hook to pay." —  Stan The Annuity Man. 


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