Baby Boomers rule! Their numbers are large and their money is substantial. They may list “having good health” as their # 1 retirement concern, but it is closely followed by # 2, “being financially secure”. Secure, safe, protected. This group longs for guarantees. Guarantees that will change the annuity industry forever. According to Stan Haithcock, aka Stan the Annuity Man, here are Seven Reasons to Love Annuities:
Commissions will be lower
Simplicity will overcome complexity
Annuity agents will go the way of travel agents
Federal oversight will eventually happen
Annuity guarantees without having to buy an annuity
Annuities will become as commonly owned as mutual funds
Longevity annuities will be the #1 selling annuity in five years
Stan Haithcock reports that, “annuities are going to go back to the simplistic transfer of risk design as originally intended, and that’s a good thing”. Steve Jobs was passionate about making the iPhone simple. So simple that a small child could turn it on and navigate. Why? Because we like simple, and that’s a guaranteed good thing. To read Stan Haithcock’s article, “Hate Annuities? 7 Reasons You Might Change Your Mind”, click here.
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