Limits to Annuity Purchases: Shootin’ It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• Limit on annuities
• Putting everything on an annuity
• How much should you invest in annuities?
• Why an application could get denied

Key Takeaways:

• For most financial products, you can get as much as you want, but there is a limit on what you can get with annuities, and that’s a good thing.
• You’ll get denied if you want to put everything you have on an annuity. The only way to go through is if the agent filled in the application incorrectly or falsely.
• The annuity industry prefers 50% of your investable assets, the maximum amount put into annuities of any type. When you fill out the application, the investable net worth is what the annuity company looks at.
• The vast majority of carriers will not accept the annuity if it’s not suitable - if it doesn’t solve a specific goal - and if it’s too much of your overall investable assets. They will decline the application, and they will not accept the money.

"Annuities - I think is the only financial product that you can’t go all in with. With the annuity industry, they will not allow you to do that, and that’s a good thing. " — Stan The Annuity Man

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