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There Are Only 2 Types of Annuity Rates: Shootin’ It Straight With Stan
That 7.3% next to an immediate annuity isn't a yield. It reflects how long you're expected to live. In this episode, Stan explains why there are only two kinds of annuity rates, and why tracking the Fed won't help you get either one right.    In this episode, The Annuity Man discussed:  The PILL framework: principal protection, income for life, legacy, long-term care Payout rates and life expectancy in lifetime income products MYGAs as the annuity version of CDs and bonds Why the Fed and annuity rates don't always move together Shopping all carriers for the highest contractual guarantee   Key Takeaways:  A payout rate isn't an interest rate. Lifetime income payouts depend mostly on your life expectancy. The older you are, the higher the payout. MYGAs work like CDs. You lock in a guaranteed interest rate for a term you choose, from 1 to 10 years, and you can ladder several terms. Both rate types shift risk to the insurer. With a MYGA, you hand off interest-rate risk. With lifetime income, you hand off the risk of outliving your money. You can't time the market, so don't try. A carrier may cut its rates even when the Fed raises them, if it already has enough business from people like you. Treat annuities as commodities. Shop every carrier for the highest contractual guarantee, and for lifetime income, only use insurers rated A+ or better.   "Do not buy annuities for market growth. Listen to me: buy them for the contractual guarantees of the policy. End of story." —  Stan The Annuity Man   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  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!
Fun With Annuities® - The Annuity Man Podcast
https://www.TheAnnuityMan.com
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