Reveal Why Single Premium Immediate Annuities (SPIAs) Work

Out of all the annuities in the world, why should you choose a Single Premium Immediate Annuity? How does it even work? If a 9-year old can't understand it, you shouldn't buy it! Join me today as I explain to you what a SPIA is and how it works in the simplest way possible. Stay tuned!

Watch and Enjoy!
Stan The Annuity Man

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Key Moments in this Episode
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00:00 Intro
01:08 Never buy an annuity that you can't explain to a 9-year old
02:25 What happens to the money when you die?
04:02 A call I got from Chester
06:30 It's a commodity product
08:02 SPIAs change
09:00 Why you should talk to me about your annuity

Other Resources
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Video by Nate Woodbury

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[BigPoppa-tz]

4:21 Fantastic products. Great payout for life. But you give up control. You have no access to your cash in it. But it's a straight forward great annuity. I'm kind of in between of a spia and a Fixed index GLIA that will give me about the same as a spia but I have access to the money. ?

[mikekolbas]

Disappointing there were no examples of age, cost and amounts to get an income.