May 18, 2022
In this episode, The Annuity Man discussed:
- Financial racism/classism in the annuity industry
- The responsibility of companies
- Don’t rush buying an annuity
- Hiring a trustworthy expert
Key Takeaways:
- Financial racism/classism is going on in the industry these days. People who have worked their whole life that are not particularly financially savvy are being preyed upon by annuity agents that don't have anyone’s interests in mind except themselves.
- Annuity companies and organizations are responsible for researching what their people are selling to their clients. Each agent must be properly trained and managed so that they will only be able to sell what the client needs.
- Tell that jerk to go away and stop harassing you if this is happening to you. Don’t let anyone rush you into buying an annuity. There’s no “too good to be true” product; you need to understand what you’re signing up for fully.
- There’s no shame in admitting that you don’t understand something fully. It’s better to keep asking questions than to be persuaded to buy a product that you don’t need. You can’t be good at everything, so you have to seek an expert in finances, but you have to be selective and find the truly trustworthy ones.
"There’s never an urgency to buy an annuity; the urgency is for you to understand what you’re buying - the good, the bad, the limitations, the benefits. " — Stan The Annuity Man.
Connect with The Annuity Man:
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Email: Stan@TheAnnuityMan.com
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