Dec 1, 2020
In this episode, The Annuity Man discusses:
- How life insurance and annuities differ, despite being sold by the same companies.
- The variance in the death benefits between life insurance and annuities.
- Ways in which life insurance and annuities can work together.
- Knowing what your goal is when buying life insurance and annuities.
Key Takeaways:
- Annuities are issued by life insurance companies, but annuities and life insurance are different in terms of strategy, contractual guarantee, and transfer of risk.
- Life insurance is the best return on investment that you’re never going to see because you’ll be dead.
- Annuities and life insurance are both unique in their categories - life insurance is the only product that provides a tax-free, lump-sum death benefit that passes outside of probate and annuities are the only product on the planet that can provide a lifetime income stream and pay regardless of how long you live.
- Annuities and life insurance are both contracts.
"You really should buy life insurance for the tax-free death benefit. " — Stan The Annuity Man
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Website: TheAnnuityMan.com
Email: Stan@TheAnnuityMan.com
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