Stan The Annuity Man Review

Stan The Annuity Man Review
Stan The Annuity Man Review - by, April 1, 2011
3.5/ 5stars
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Review Summary :

Stan Haithcock, aka Stan The Annuity Man markets himself as one of the most trusted annuities dealers in America and happens to be registered in 50 states to sell annuities. Haithcock's style is different. He caters to investors who are sick of the status quo and he makes no bones about it.

As for as content and strategy, Haithcock certainly puts together a strong educational foundation through blog posts, Youtube videos and handy calculators. 

Find out if Stan The Annuity Man is the dealer you should be working with.

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Pros:

  • Authoritative voice
  • Solid calculators
  • Education content is robust

Cons:

  • Few if any customer reviews
Quick Facts about Stan The Annuity Man
Overall Rating:
Year Founded:1989
Company Headquarters:Ponte Vedra Beach, Florida
Surrender Fees:Variable surrender fees
Immediate Annuity Offered?:Yes
Longevity Annuity Offered?:Yes
Rates:2%-11% depending on annuity selection
Reviewed By:Jack Choros
Published On:August 18, 2020
Last Modified:August 18, 2020
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At Sophisticated Investor, we’re primarily focused on reviewing companies that offer different types of investing services. We’ve reviewed precious metals IRAs, self-directed IRAs and many other kinds of investing tools. Here, we review the image, branding and content built by Stan Haithcock aka Stan The Annuity Man. Yes, he does run a company and he is in the same business as other annuities companies (which is to sell annuities) like DCF Annuities for example.

Still, this review is a little bit different. Stan is an investing justice warrior so to speak. He markets himself as the guy who exposes the bad guys in the investing world and then he promotes his ideas on what a sound investing strategy should be, including his advice on what the best annuities in America are.

Part of what makes this review challenging is the fact that Stan doesn’t really collect reviews online the way a traditional company would and although he does have a dedicated group of followers who invest with his company, it’s hard to find thorough reviews on Stan the man that we can compare to any other company.

Still, we were able to parse through some research and learn about what he has to offer and how he positions himself. So without further ado we introduce to you our review of Stan The Annuity Man.

Here is your opportunity to decide for yourself whether you should choose to work with him or go with another top annuity provider in America.

Stan Haithcock, Founder of Stan The Annuity Man

Stan Haithcock, Founder of Stan The Annuity Man

Stan Haithcock it is known as “America’s Annuity Agent”. He is licensed in all 50 states across America and in addition to his corporate headquarters in Florida, has a satellite office in Nevada.

Haithcock’s website markets him as the antidote to the traditional investing world and the traditional advice that comes with it. Haithcock clearly firmly believes that investors should have the power to control their own retirement placed in their own hands.

He sees himself as being a proud consumer advocate of annuities and apart from selling products on his website, Haithcock has also put in the time and effort to publish no fewer than seven books on the subject.

Who would’ve thought that somebody would take the time to publish that many books on one type of investing product?

Clearly Haithcock has shown he cares and the fact that he is one of the few properly branded personalities in the annuities sector of the market is a reflection of his commitment to serving consumers with the best possible information on the entire spectrum of annuities products available across America.

Types of Annuity Investments Offered By Stan The Annuity Man

Stan The Annuity Man promotes six different types of annuities products:

  • Qualified Longevity Annuity Contract
  • Deferred Income Annuity
  • Single Premium Immediate Annuities
  • Multi-Year Guarantee Annuities
  • Fixed Income Annuities
  • Income Riders

Let’s do a quick review of what each of these annuity types have to offer.

Qualified Longevity Annuity Contract

Stan The Annuity Man’s website offers a QLAC calculator that considers every possible QLAC provider in America. That means when you choose to work with Stan The Annuity Man, you’re literally going through the website and the calculator and finding the best possible rates in the country.

QLACs can only be held within an IRA account and can provide a death benefit with any of the unused money. QLACs are generally for investors that are 72 years of age or older and you can start using them as late as the age of 85.

A QLAC provides a guaranteed monthly income for as long as you live, regardless of how many years that is.

Deferred Income Annuity

A deferred income annuity carries with it no annual fees. It can be used in both IRA and non-IRA accounts. Income can be deferred for up to 40 years and most insurance carriers offer this kind of annuities so there are plenty of options for the investor. There is no investment or stock market kind of risk with this sort of annuity.

Single Premium Immediate Annuities

A Single Premium Immediate Annuity does just what the name says. It allows the investor to pay a single premium and receive the immediate benefits of income payments from an annuity. You can also use this kind of annuity to ladder your investment strategy and really build your lifelong income. An SPIA can support one person or be joint.

Multi-Year Guarantee Annuities

An MYGA offers investors many different benefits. It allows you to benefit from tax-deferred growth in accounts that are not an IRA approved account. It’s also easy to understand and offers you the chance to fully protect your principal investment. You can transfer your funds to another MYGA without any tax consequences. That’s another bonus!

Fixed Income Annuities

Fixed Index Annuities have actually only been around since 1995 believe it or not. Fixed index annuities allow investors to benefit from the upside of the stock market without having to worry about the downside. Insurance companies offering these kinds of annuities price the possibility of a downside into the maximum rate that you can possibly receive on the upside. This way you can earn more than the 3% or 4% that many annuity products offer, but also don’t have to worry about losing money.

Income Riders

Income riders solve the problem of having to worry about outliving your money. The income stream that comes from an income rider is a combination of receiving your principal back and earning interest on top of that.

Rates and Quotes

Unfortunately, Stan The Annuity Man doesn’t actually publicly list rates and quotes for prospective investors that want to access annuities through his company. Instead, he asks readers visiting his website to fill out their personal details and then click a call to action to get a quote. This means he is essentially putting up a gate to information that pushes people to become leads and eventually customers.

It’s a sound business strategy but it doesn’t really tell us what he’s promoting. What we can say is that rates for annuities typically fluctuate between 2% and 7%. A regular immediate annuity will be closer to the 2%, while a fixed index annuity might get you a shade over 7%.

Customer Reviews

Since Stan The Annuity Man markets himself as the antidote to the traditional investing world and his website is focus on building his own personal brand, there aren’t really too many review sites that have a rating of how his company is doing as far as recommending the right annuities to investors. He does have his own Youtube channel and his brand is all about exposing the traditional investing industry and being a consumer advocate.

To say the least, Stan The Annuity Man is focused on a very specific group of people that’s sick of the status quo. Unfortunately, sites like Better Business Bureau and TrustPilot only review businesses and not individuals.

Frequently Asked Questions

In considering working with Stan The Annuity Man for your next annuity investment, you’re probably coming up with your fair share of questions to ask. Let’s answer some of the questions you’re likely asking yourself right now.

Are Annuities a Good Investment?

Deciding whether or not annuities are right for you really has to do with your own personal preferences. Deciding what to do means answering some very personal questions. Here are some that you can ask yourself:

  • When do I want to retire?
  • How old are you going to be at that time?
  • How long do you plan to live?
  • What kind of lifestyle do you want to live when you retire and how much is that going to cost you?
  • How much of your wealth do you want to leave behind your love ones?
  • What percentage of your portfolio will annuities make up? Are you happy with that?
  • How risk-averse are you?
  • What’s your backup plan if the worst-case scenarios happen?

What are the Commission Fees Associated with an Annuity?

Stan The Annuity Man does not earn a commission from you, the investor. Annuities dealers don’t take commissions from investors, they get them from the insurance companies that sell the annuity. If that’s the case, why don’t you know what those commissions are? The commissions are always baked into the annual return rate of the annuity product itself. Rest assured that everybody’s making their money. Fortunately for you, there is really nothing to be worried about. You can easily compare rates and quotes between different annuities reviews and find the best ones for you.

How Do the Withdrawal Penalties Associated with Annuities Work?

Usually annuities that pay out a higher annual rate will be more likely to charge a withdrawal penalty for leaving behind the annuity too early. That penalty usually decreases year-over-year. So let’s say you’re in an annuity for seven years and you earn a return rate of 7% per year. The annuity provider will most likely dock you 7% of your withdrawal as a penalty if you withdraw from your annuity in the first year. That penalty will move down to 6% the second year, 5% the third year etc. etc. so the longer you stay in your annuity, the lower the percentage of the withdrawal penalty.

There is such a thing as investing in annuities without a withdrawal penalty, but those types of annuities usually pay a lower rate to compensate for the flexibility they are giving you.

Should You Choose to Invest with Stan The Annuity Man?

Investing with Stan The Annuity Man is certainly a good choice. Stan goes out of his way to challenge every norm in the industry and it’s obvious through his personal branding and marketing strategy that he really cares about helping American investors squeeze the most out of their money.

Here’s the catch was Stan. As mentioned in the sections above, it’s really tough to gauge what customers actually think of him aside from the testimonials on his own website. He’s done very well for himself in terms of branding himself as an expert in figuring out how to monetize that through the content that he produces. Stan The Annuity Man does seem to care about his audience and challenging the status quo, and he does put together sound educational information.

Still, we recommend checking out other annuities providers like DCF Annuities among others, so that you can find the best option for yourself. Remember to make whatever provider you choose compete for your business based on what’s best for you and your retirement goals!

Stan The Annuity Man Review
Stan The Annuity Man Review - by, April 1, 2011
3.5/ 5stars
on
Stan The Annuity Man Review
  • Editor Rating
  • Good
  • 0/5 Avg. User Rating
  • 0 No reviews yet!
Review Summary :

Stan Haithcock, aka Stan The Annuity Man markets himself as one of the most trusted annuities dealers in America and happens to be registered in 50 states to sell annuities. Haithcock's style is different. He caters to investors who are sick of the status quo and he makes no bones about it.

As for as content and strategy, Haithcock certainly puts together a strong educational foundation through blog posts, Youtube videos and handy calculators. 

Find out if Stan The Annuity Man is the dealer you should be working with.

Have you purchased products from Stan The Annuity Man Review? Leave a review!

Leave your rating

Field is Required

Field is Required

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