Understanding Annuity Payout Options - Shootin' It Straight with Stan (TAM Classic)

In this episode, The Annuity Man discussed:  Annuities are customizable  An example of life with cash refund  What does it mean to get a joint-life policy Options and choices when getting an annuity    Key Takeaways:  A life-only contract means that the annuity company is on the hook to pay as long as you're breathing, but the money goes away when you die.  Life with cash refund means that you get paid while you're alive, with some money going to your beneficiary when you die.  A joint life policy means that you and your spouse will receive payments. When you die, their income continues uninterrupted and unchanged.  There's not just one annuity, there are many kinds, and there are also a lot of options when customizing your contract.    "I want you to understand what you're buying and how it works 'cause remember, an annuity is a contract" —  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!