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“Fun With Annuities” The Annuity Man Podcast

Jul 5, 2023

In this episode, The Annuity Man discussed: 

  • The Annuity PILL

  • Upfront bonuses 

  • Keep it short and simple

  • Transferring your annuity to another company


Key Takeaways: 

  • PILL stands for principal protection, income for life, legacy, and long-term care. When buying annuities, you should look for guarantees and not market growth or potential. Don’t let anybody sell you an annuity for market growth. 

  • Upfront bonuses are typically attached to index annuities, and it’s being pitched to unsuspecting people as the annuity company giving them free money. There’s no such thing; upfront bonuses are candy for the stupid. 

  • Keep the maturity short. If an advisor is pitching you 10-year surrender charge products, for example, ask them if they have a five-year version. Keep it simple. Don’t buy a product if you can’t explain it to a nine-year-old. Make sure you understand exactly what you’re contractually getting into. 

  • If an agent approaches you or someone in your family who already has an annuity and wants you to transfer to a better annuity company, that’s a semi-red flag. The receiving annuity company has to have a contractually guaranteed better deal for the person that’s moving their annuity. 


"Principal protection, income for life, legacy, and long-term care. In my world that I think the annuity industry should live in, those are the four things that annuities should be sold for, not market growth." —  Stan The Annuity Man. 



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