Jul 27, 2022
In this episode, The Annuity Man discussed:
- Limit on annuities
- Putting everything on an annuity
- How much should you invest in annuities?
- Why an application could get denied
Key Takeaways:
- For most financial products, you can get as much as you want, but there is a limit on what you can get with annuities, and that’s a good thing.
- You’ll get denied if you want to put everything you have on an annuity. The only way to go through is if the agent filled in the application incorrectly or falsely.
- The annuity industry prefers 50% of your investable assets, the maximum amount put into annuities of any type. When you fill out the application, the investable net worth is what the annuity company looks at.
- The vast majority of carriers will not accept the annuity if it’s not suitable - if it doesn’t solve a specific goal - and if it’s too much of your overall investable assets. They will decline the application, and they will not accept the money.
"Annuities - I think is the only financial product that you can’t go all in with. With the annuity industry, they will not allow you to do that, and that’s a good thing. " — Stan The Annuity Man
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
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator