Understanding Annuity Payout Options - Shootin' It Straight with Stan (TAM Classic)

“Fun With Annuities” The Annuity Man Podcast

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: [e-mail]

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g

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