In this episode, The Annuity Man and Bill Black discuss:

• What is happening in the life insurance space (especially during the current pandemic).
• How interest rates affect life insurance policies.
• Benefits of life insurance to the beneficiaries.
• What to watch out for in the sales pitch world of life insurance.

Key Takeaways:

• Oftentimes, term insurance can be changed to permanent insurance without the health checks being redone.
• Life insurance is the best return on investment that you will never see.
• Like with annuities, you buy life insurance for what it will do, not what it might do.
• Rather than letting a life insurance policy lapse when you don't want to continue it, it can be sold like you would a stock or bond.

"There are no ifs, ands, or buts when you buy the right policy that has the right guarantees on it." — Bill Black

Connect with Bill Black:

Website: http://www.whbco.com/

LinkedIn: https://www.linkedin.com/in/whblack/

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

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In this episode, The Annuity Man discusses:

• The historical journey of indexed annuities and how they've gotten to where they are today.
• The questions to ask your advisor about your indexed annuities.
• The golden rule of annuities - they have the gold, so they make the rules.
• The problems with backtested numbers.

Key Takeaways:

• For anyone to say market upside with no downside or market participation with principal protection is misleading and blatantly false.
• If you get a big bonus with an annuity, you're paying for it. You're financing it over time (it's not being given away by the annuity company).
• You need to understand why you want an indexed annuity before you shop for an indexed annuity.
• All annuity commissions are built into the cost, but they are hidden from the client.

"I think backtested numbers should be illegal. I think the stuff they put in brochures should be illegal. And here's why - because if you're looking at it now, you've already missed it." — Mr. FIA-X

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!

In this episode, The Annuity Man and Terry Savage discuss:

• The Money Lady's opinion on the current markets.
• The creation of money, interest rates, and the US budget deficit.
• How technology has changed investing.
• The coming hot topic of long term care.

Key Takeaways:

• You don't have to beat the market to be successful, you need to be in the market.
• It is inevitable that rates will go up, and it will likely happen in a snap when it does. Nobody knows when that will happen.
• With the changes in blockchain technology, the game of finances will be changed.
• The annuity industry frowns upon anyone putting more than 50% of their investable assets in annuities.

"A US cryptocurrency is not where I see it going. I think it's more global than that." — Terry Savage

Connect with Terry Savage:

Website: TerrySavage.com

YouTube: youtube.com/user/TerryTalksMoney

LinkedIn: linkedin.com/in/thesavagetruth

Twitter: twitter.com/Terrytalksmoney

Facebook: facebook.com/The-Savage-Truth-190870517609983

Podcast: friendstalkmoney.org

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!

In this episode, The Annuity Man and Jack Lenenberg discuss:

• The environment, products, and solutions in long term care currently available.
• The 6 daily functions of life and how they affect long term care.
• The best time to look into and apply for long term care.
• The answers to common questions that Jack is asked by customers.

Key Takeaways:

• Your long term care does not need to be permanent. It just needs your doctor to sign off that you need care for at least 90 days.
• There has been a shift to fixed and guaranteed policies to accommodate what people are looking for with their policies.
• Traditional long term care underwriters are leaving the field. Hybrid long term care providers are more prevalent, and are growing.

"The best time to look into long term care is when you are concerned about it and are healthy enough to qualify." — Jack Lenenberg

Connect with Jack Lenenberg:

Website: LTCPartner.com

LinkedIn: linkedin.com/in/jacklenenberg

Twitter: twitter.com/LTCPartner

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!

In this episode, The Annuity Man and Paul Merriman discuss:

• Making decisions that are in your, individual, best interest.
• Understanding what you're trying to achieve and what you want to do with your investments in the market.
• Navigating the forks in the savings road.
• Finding your good enough return.

Key Takeaways:

• To be a successful long-term investor, you have to shut out all of the noise.
• There is always a good news list and a bad news list for all market decisions.
• Stay in your lane - investing takes time.
• Every stock has reason to buy, and every stock has reason to sell. If they didn't, there would be no trade.

"The biggest enemy, and I think every professional believes this, the biggest enemy that we have is what we believe and how we respond to the biases we have. We think that what's happened recently has way more importance than what happened before. " — Paul Merriman

Connect with Paul Merriman:

Website: PaulMerriman.com

Paul's Books: paulmerriman.com/books

Email: [email protected]

LinkedIn: linkedin.com/in/paulmerrimandotcom

Show: paulmerriman.com/podcasts

YouTube: youtube.com/channel/UCPGFNkRJd0YpzUlfQCy6gzg

Twitter: twitter.com/SavvyInvestorPM

Facebook: facebook.com/PaulAMerriman

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!

In this episode, The Annuity Man and Gary Baker discuss:

• The pricing of lifetime income.
• How mortality tables (life expectancy tables) work and function within annuities and life insurance.
• The future of the annuity industry.
• How Cannex works with carriers and some of the challenges with doing so.

Key Takeaways:

• You buy a life insurance contract in the event that you die too soon, you buy an annuity in the event that you live too long.
• Annuity companies don't give anything away. If you add things onto your contract (like cost of living adjustments or cash refund options), it will change your payments.
• The annuity contract has been built to provide four basic types of insurance (but not all at once): tax deferral, death benefit, guaranteed income, and growth insurance.
• It helps to have human, eyeball to eyeball, contact with these annuity products to ensure you are getting the best thing for your individual situation.

"If you're looking to take advantage of some of these other unique features, for maybe more complex planning needs, you have to go to the specialist that's going to kind of configure the product for you at the end of the day." — Gary Baker

Connect with Gary Baker:

Website: cannex.com

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!

In this episode, The Annuity Man discusses:

• Compliance at family offices, hedge funds, and other securities offices.
• Possible hiccups and downturns on the horizon.
• The misinformation around the 4% Rule.
• The research behind Barry's book, The Pirates of Manhattan.

Key Takeaways:

• Family offices have more assets (money under management) than hedge funds.
• The general public doesn't know what is going on and most people don't know that they don't know what is happening.
• Major banks buy more life insurance and fixed annuities than anybody.
• All things tend to return to the mean. Essentially, people with major pension plans could get the same return just by throwing their money into 10-30 year treasuries.

"Do your own research. If something sounds too good to be true, it generally is." — Barry Dyke

Connect with The Annuity Man:

Website: barryjamesdyke.com

Podcast: barryjamesdyke.com/economicwarrior

Facebook: facebook.com/thepiratesofmanhattan

YouTube: youtube.com/channel/UCMgvWBPowk4xZ-hcfh9-SUw

Book: barryjamesdyke.com/the-pirates-of-manhattan

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!

In this episode, The Annuity Man discusses:

• What cryptocurrency is and how blockchain works.
• Losing Bitcoin and the future of the cash dollar.
• Looking at cryptocurrency as an investment.
• Normalizing cryptocurrency with direct and indirect regulations.

Key Takeaways:

• It is a speculation tool, an investment, but a very speculative one. That is, an investment in a new technology called Blockchain.
• Blockchain is the internet of things, of assets. Bitcoin is the application running on the blockchain.
• Right now, Bitcoin and other cryptocurrency transactions are essentially untraceable.
• Blockchain is a technology that is not going away.

"I don't believe that [Bitcoin is going to replace currency] until something is done via either government regulation or private regulation, that makes it a more stable, valued digital entity." — Owen Schrum

Connect with Owen Schrum:

Website: schrumpw.com

Twitter: twitter.com/SchrumOwen

LinkedIn: linkedin.com/in/owen-schrum-24319417

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!

In this episode, The Annuity Man discusses:

• The relationship between annuities and inflation.
• Don't believe the pitch, understand the contract.
• How you do address inflation with annuities.
• Laddering your annuities with staggered start dates.

Key Takeaways:

• Interest rates do not have to go up, and there are arguments for both inflation and deflation.
• There are no indexed annuities that are adjusted for inflation.
• Any time an annuity pitch sounds too good to be true it is. Every single time.
• Don't worry about inflation - don't worry about something you can't control or quantify.

"There are no annuities that address inflation properly. There is no annuity type that tracks inflation." — Stan The Annuity Man

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!

In this episode, The Annuity Man discusses:

• The top questions to ask your advisor about annuities.
• Knowing which questions are deal-breakers from the beginning for advising you about annuities.
• The nuances and varieties of annuities.
• The reasons to ask these questions for your best contractual guarantees.

Key Takeaways:

• All lifetime income streams are life expectancy-based, interest rates play a secondary role.
• If your advisor only represents a handful of carriers, they are not qualified to sell annuities. Annuities are a commodity product you quote all carriers for the highest contractual guarantee for your situation.
• Don't allow your advisor to just say "trust me this is a good one." You want to know what it is you own, don't just take someone's word for it.

"Hold their feet to the fire. This is your money. This is serious. With annuities, once you sign that paperwork and once that policy has been issued, you better know what the heck you own. So don't just trust or take someone's word for it." — Stan The Annuity Man

Connect with The Annuity Man:

Website: TheAnnuityMan.com

Email: [email protected]

Book: Owner's Manuals

YouTube: Stan The Annuity Man

Get a Quote Today!