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.

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