Biscuits & Annuities: Shootin' It Straight with Stan

In this episode, The Annuity Man discussed:  A plain annuity biscuit  Biscuits for the weekend  An annuity biscuit with a little bit of jelly and butter  The Annuity version of a CD    Key Takeaways:  A plain biscuit without anything on it would be a single-premium immediate annuity or a deferred-income annuity. You get lifetime income with no annual fees and no market attachments. It's a straight transfer of risk based on your life expectancy.  If you're cooking biscuits for the weekend, your qualified longevity annuity contract would be. It can be used inside of your IRA for future lifetime income needs.  Biscuits with a little bit of jelly and a little bit of butter would be an income rider. It's attached typically to an index annuity at the time of application; it's an attached benefit for future lifetime income. It comes with a fee for the policy's life that's taken out of the accumulation value.  The biscuit for accumulation would be a Multi-Year Guaranteed Annuity. It's the annuity world's version of a CD. It's not a CD, but it functions like it. It will give you a guaranteed interest rate annually for a specific period of time that you choose. It could be one year in length, two years in length, three years in length - up to 10 years in length.    "Understand that with biscuits, you're looking for the simple buttermilk biscuits that grandma made you love. You want a simple biscuit that you understand. You want a biscuit and an annuity that a nine-year-old would like and be able to explain." —  Stan The Annuity Man.     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!