Lifetime or Interest Income?: Shootin' It Straight With Stan (TAM Classic)

In this episode, The Annuity Man discussed:  The right product for the right situation  What is lifetime income?  Income from interest    Key Takeaways:  An agent selling an annuity product as a one-size-fits-all product is like a doctor prescribing one medication for everyone. There is a right product for the right circumstance, and if a person doesn't need an annuity, they shouldn't be sold one.  Lifetime income is a transfer of risk pension product that an annuity company is contractually obligated to pay as long as you or your spouse are still breathing. It is priced primarily on your life expectancy, and interest rates play a secondary role.  A multi-year guaranteed annuity is the annuity industry's version of a CD. You can purchase a MYGA, never touch the principal, never pay a fee, just peel off interest, and then live off that.    "with annuities at this point in time at the time of this taping, and I hope it continues. You have two choices: lifetime income or interest income - it's all about money coming in establishing that income floor. " —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!