Understanding Annuity Payout Options - Shootin' It Straight with Stan


Manage episode 323522675 series 2798004
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In this episode, The Annuity Man discussed:

  • Annuities are customizable
  • An example of life with cash refund
  • What does it mean to get a joint-life policy
  • Options and choices when getting an annuity

Key Takeaways:

  • A life-only contract means that the annuity company is on the hook to pay as long as you’re breathing, but the money goes away when you die.
  • Life with cash refund means that you get paid while you’re alive, with some money going to your beneficiary when you die.
  • A joint life policy means that you and your spouse will receive payments. When you die, their income continues uninterrupted and unchanged.
  • There’s not just one annuity, there are many kinds, and there are also a lot of options when customizing your contract.

"I want you to understand what you’re buying and how it works ‘cause remember, an annuity is a contract" — 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!

133 episodi