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Avoiding Common Pitfalls With Annuity Purchases: Shootin’ It Straight With Stan

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Manage episode 447555332 series 2798004
Content provided by The Annuity Man. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Annuity Man or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode, The Annuity Man discussed:

  • Focusing on contractual guarantees

  • What annuities solve for

  • Common annuity pitch traps

Key Takeaways:

  • Avoid non-guaranteed hypotheticals and focus on contractual guarantees when considering annuities.

  • Buy annuities for specific needs like principal protection, income, long-term care, or legacy, not for market returns.

  • Be wary of urgency sales pitches, steak dinner seminars, advisors behaving like friends, backdated performance illustrations, promised market participation with no downside, upfront bonuses, and showing other clients' accounts as proof of returns.

"Do not fall for market upside but no downside. Do not fall for market participation with principal protection. All those yummy sales pitches that look like they should go on a t-shirt. Do not fall for that. Do not fall for the upfront bonus." — 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!

  continue reading

327 episoade

Artwork
iconDistribuie
 
Manage episode 447555332 series 2798004
Content provided by The Annuity Man. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Annuity Man or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode, The Annuity Man discussed:

  • Focusing on contractual guarantees

  • What annuities solve for

  • Common annuity pitch traps

Key Takeaways:

  • Avoid non-guaranteed hypotheticals and focus on contractual guarantees when considering annuities.

  • Buy annuities for specific needs like principal protection, income, long-term care, or legacy, not for market returns.

  • Be wary of urgency sales pitches, steak dinner seminars, advisors behaving like friends, backdated performance illustrations, promised market participation with no downside, upfront bonuses, and showing other clients' accounts as proof of returns.

"Do not fall for market upside but no downside. Do not fall for market participation with principal protection. All those yummy sales pitches that look like they should go on a t-shirt. Do not fall for that. Do not fall for the upfront bonus." — 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!

  continue reading

327 episoade

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