Lovingly Handcuffing Your Beneficiaries with Annuities: Shootin' It Straight With Stan

“Fun With Annuities” The Annuity Man Podcast

In this episode, The Annuity Man discussed:

• Protecting your beneficiary from dumb choices

• How Stan lovingly handcuffs his beneficiaries

• Handcuffing your loved ones is good for them

Key Takeaways:

• Lovingly handcuffing your beneficiaries with annuity guarantees protects them from making dumb decisions with lump sums.

• Stan has written in the trust that when he dies, there will be a lifetime income annuity purchase for each of his daughters, guaranteed to pay them for the rest of their life as long as they are breathing.

• Your beneficiaries might not react positively to you giving them income instead of a lump sum, but handcuffing them contractually is the right thing to do and it will be good for them in the long run.

"Death is not a good strategy, because you can only use it once. But wouldn't it be good to know regardless of what happens, that they're taken care of? And that lifetime income stream is going to be in place?" — Stan The Annuity Man.

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