059: FIA Insider Wears Mask to Protect Identity and Share Industry Secrets

In this episode, The Annuity Man discusses:  The historical journey of indexed annuities and how they've gotten to where they are today.  The questions to ask your advisor about your indexed annuities.  The golden rule of annuities - they have the gold, so they make the rules.  The problems with backtested numbers.    Key Takeaways:  For anyone to say market upside with no downside or market participation with principal protection is misleading and blatantly false. If you get a big bonus with an annuity, you're paying for it. You're financing it over time (it's not being given away by the annuity company). You need to understand why you want an indexed annuity before you shop for an indexed annuity.  All annuity commissions are built into the cost, but they are hidden from the client.    "I think backtested numbers should be illegal. I think the stuff they put in brochures should be illegal. And here's why - because if you're looking at it now, you've already missed it." —  Mr. FIA-X      Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  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!