026: What To Look Out For With Over-hyped Annuity Sales Pitches

In this episode, The Annuity Man discusses:  The importance of contractual guarantees driving your buying decision Why you should never buy annuities for potential market type growth What to be aware of at the "bad chicken dinner annuity seminars" How to protect yourself by creating your own "statement of understanding"      Key Takeaways:  Indexed annuities were designed in 1995 to compete with CDs returns Upfront bonus offers are part of the overall contractual guarantee of the policy A high percentage income rider is not real yield There's no urgency to buy an annuity. The only urgency with an annuity is to fully understand the limitations and the benefits of the specific annuity strategy you are considering     "If you can't fully explain it to a nine year old, then don't buy the annuity being pitched to you." —  The Annuity Man     Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  YouTube: Stan The Annuity Man