Who Has The Best Fixed Annuity Rates? - YouTube

Hi, Stan, The Annuity Man. Today's topic is who has the best fixed annuity rates? Now,

with that being said, there's not just one answer to that because there's

numerous types of fixed annuity. So, we're going to go through all of those. And

then we're going to figure out how to quote those and find out which one is

best for you and then who does have the best rates. And also, please watch this

video how do interest rates affect annuities. Well, that's a good topic. You

need to know that as well.

So, at a time to cover today what is a fixed annuity. We're going to go through all

of the types of fixed annuities available. I'm going to tell you the 2

questions to ask. The only two questions you have to ask to determine what type

fits your specific situation. I'll tell you the acronym that you need to use to

determine whether you need an annuity or not. Then we'll talk about where they fit

in your portfolio. And at the end if you hang in there with me, I'm going to tell

you how to get all 7 of my published books for free --no obligation, no cost. So,

let's get started. So, what is a fixed annuity? Regardless of type, is it's a

principal protected product. Meaning that whatever money you put in, somebody's

going to get that back whether it's an income annuity or one for principal

protection. A key point with fixed annuities, they're not affected by market

downside --Market volatility. So, it's kind of a peace of mind product. It's a

transfer of risk product. So, how many fixed annuity types are available? It

really comes down to 2 categories. One is income for life.

So, the fixed annuity is available for that category. Our single premium

immediate annuities which software income now. Deferred income annuities

with software income later. Qualified longevity annuity contracts

which solve for income later. When I say income later I'm saying income starting

at a future date. And you can also throw in income writers, income writer benefits

that you can attach to policies that also provide future income, income later.

Now, the 2 fixed annuity types of software principal protection are number

1, MYGAs, M-Y-G-A-s. Which is multi-year guarantee annuities. Which is the

industry's version of a CD. Works pretty much the same. And then the second

product available for princpal protection is a fixed indexed annuity

which too often is sold as a market product... It's a life

insurance product that historically has provided. Enhanced CD type returns but

those are the 2 that protect for principal protection that you can buy

for principal protection. So, let's go over again. For income, is single premium

immediate annuities, deferred income annuities, qualified longevity

contracts. And a little asterisk on the income writers. And then you have for

principal protection, multi-year guarantee annuities and fixed indexed

annuities. So, the question is who has the best rates? There's really no good answer

to that. As I always say, "There's no good annuity answer. It's just bad sales

pitches." Remember that. So, who has the best rates? It really depends on the

product that you're quoting. Now, for multi year guarantee annuities like CDs,

I mean I have a list at Stantheannuityman.com that you can pull up and look at

your state and see which are... Who has the best guarantee rates

that pay you every year just like a CD. Indexed annuities is a little

bit different just because there's no guarantee on the return. It's principle

protected but the rates really come down to the limitations on the upside. And

we'll show you who has the best on that as well. From the standpoint of income

when you're quoting fixed annuities for income, single premium immediate

annuities, deferred income annuities, QLACs and even income riders, I mean

those are a commodity course. You have to quote every carrier out there as many

seemingly possible to find out who has the best contractual guarantee for your

situation. And understand that these quotes change like a gallon of milk.

7 to 10 days from now the quotes will change. And you know, if you haven't

locked it in, you got to get it required. So, there's nobody that has the best

rates. They change. And that's the reason you have to shop all carriers and not

fall in love with. And not allow your advisor or agent to show you just

one, understand their commodity products, when you buy them kind of like

you buy a plane ticket. You know, you go search for the best contractual deal for

what you're trying to achieve. And then you choose it based on the

claims paying ability of the carrier. And the highest contractual guarantee. Okay,

so what are the 2 questions that I've come up with Stand The Annuity Man questions.

There's only two that you need to ask: Number 1 to find out if you need an

annuity. And if you do need an annuity based on the questions, what type fits?

Because there's not a one-size-fits-all. To many times, you'll go to the bad

chicken dinner seminar or you hear the radio ad or the TV ad. And they're saying

it does everything. It's a one-size-fits-all. There is no

one-size-fits-all. If it sounds too good to be true, it is every single time with

annuities. So, what are the two questions? Number one, what do you want the money to

contractually do? Underline the word contractual. Number 2, when do you want

those contractual guarantees to start? Let''s do it again. Number one, what do you want the

money to contractually do? Number 2, when do you want those contractual

guarantees to start? From those 2 answers, I can match you up with the

right product type, fixed product type and then I can go shop for the best

contractual guaranteed rates for that type. So, you'll love this one. Of course

I'm always thinking about how to make the annuity discussions simpler. How to...

As always say, if you can't explain it to a 9-year-old then you shouldn't buy

it or sell it. No offense the 9-year olds. But I think that's kind of what

Warren Buffett's always said. If to understand what you're buying, do not buy

the dream. By the contractual reality. So, what I've come up with is an acronym

that's easy to remember that lets you know if you need an annuity at all. And

if so, what type. And then after name is PILL. P-I-L-L. Just like it sounds.

The P stands for principle protection. The I stands for income for life. L

stands for legacy. And the other L stands for long-term care. Let's do it again. P

stands for principle protection. I for income for life. L ,legacy, the other L

long-term care. So, principle protection. You know, you

don't want to lose any money. If the market goes down, you lose any money.

You know, those specific products are primarily multi-year guarantee annuities

which is the CD version. The industry version of a CD. And then fixed indexed

annuities, key word fix. It's a fixed annuity that you're not going to lose

any money. If there's any market gyrations, so that's the P for principle

protection. I, income for life. And you got to remember you know, annuities were put

on the planet in the Roman times to create a pension plan for the dutiful

Roman soldiers and their families. So, the income part of the PILLl which is the

primary reason annuities are even here, the word annuity, A-N-N-U-A is

latin for payment. So, that's the primary reason people buy them. But you can buy

them for principal protection. But the income for life would be single premium

of immediate annuities if you needed income immediately now or within a year.

Deferred income annuities if you needed income to defer 13 months or later. You

can also use qualified longevity annuity contracts which is a deferred income

annuity inside your IRA. And then there's an attachment to some policies

called income rider that is for income later as well. So, that's the

income side. The legacy in the long-term care... Legacy... If you can't qualify for

life insurance, that there are some income riders out there that not only

provide a lifetime income stream but they can also provide a death benefit and

their guaranteed-issue. For so for people out there that can't qualify for life

insurance, this is a pretty good deal. And also, the other eligible long-term care. A

lot of people need that type of coverage. That's a concern for a lot of people. So,

there are some riders. Some attached benefits that solve for what I call

confinement care. There are also some annuities that are health insurance

products that are called long term care annuities. So, depending on what you want

solve for. Here's the bottom line though. If you don't need to solve for one or

more of those 4 things in the PILL, principal protection, income for life,

legacy, long-term care. In my opinion, Stand The Annuity Man, top agent in the

business; you don't need an annuity. There's no G for growth. Now, all of my

brethren out there that sell variable annuities. You don't pound the table

throw things and.... Don't! Hold for a second. Your argument is good. Variable annuities

were put on the planet in 1995 for tax deferred growth. And I like some of them

out there. They're fine. But at the end of the day, you're limited with your choices.

I don''t care how good the variable annuity is. I don't care how good the choices are.

I don't care how good many choices are a no load variable annuity. You're still

limited. And at the end of the day, in my opinion,

if you're going to do market type growth, you should not have any limitations on

the upside. So, in my perfect annuity world which I live in every day. Because

it's contractual guarantees only, we're only looking at the contractual

guarantees. You're only owning the annuity for that will do not what it

might do. And if you're looking for the might do, in my opinion; you shouldn't buy

an annuity. So, how do you find the best fixed annuity rates out there? You shop

all carriers. You understand that the rates and the quotes change all the time.

It's kind of like a gallon of milk. You know, every 7 to 10 days, it expires.

You got to get new quotes. And buying an annuity of any type... So you know, finding

the best rates it's like finding the best plane ticket price. You shop for it.

You put in... You know, your destination, what you're trying to do, what you're

trying to contractually achieve. And you look for the best contractual guarantees.

Understanding that it's a dynamic commoditize marketplace where things

change and you always have to be quoting. So with that, remember I told you I was

going to give away the free books? Let me tell you how to do it. Number 1, here

are the books. There's 7 of them. And I'm going to send them to you for free. No

obligation, no cost. All you have to do is click the button below. And then it'll

drive in this nice gold foil Willy-Wonka golden-ticket package. So, I'll send you

all of these books. There's 6 owner's manuals. There's my original book called

The Annuity Stanifesto. And i think you'll enjoy them. They'll be easy reach.

You will fully understand it. And lastly, do me one favor, If you would. Subscribe to

Stan The Annuity Man in YouTube channel. Because what i'm going to do over the

next 3 to 4 years is put out a bunch of videos that are informative,

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that will allow you to make a informed decision on your terms.