In this episode, The Annuity Man discussed:

• Will there be a "run" on an annuity company?

• How annuity companies manage bonds

• There's no run on lifetime income

Key Takeaways:

• Annuity companies are not smarter or better than banks; they are just more regulated. They also put things in place so there can't be a run on the annuity company.

• Annuity companies and banks are buying the same investment-grade bonds. However, unlike banks, annuity companies don't have to sell them, so they hold on to them.

• Contractual lifetime income is irrevocable, the annuity company is on the hook to pay as long as you are breathing, and when you die, 100% of any unused money goes to your beneficiaries. The income stream amount is a combination of a return of principal plus interest.

"The bottom line: the annuity industry has put in place features to not only protect you, the consumer, which is their ultimate goal period but to protect the industry as well." — Stan The Annuity Man.

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g

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