How Many Annuities Can You Own?
How Many Annuities Can You Own?

Retire For Less With The Annuity Expert by Shawn Plummer

Episode notes

Can you put all of your retirement savings into an annuity? While you can own as many annuity contracts as you want, insurance companies actually have strict financial rules to prevent you from tying up all your cash!

In this video, Shawn Plummer from The Annuity Expert breaks down the "Suitability" rules that every insurance carrier uses to approve or deny an application. You will learn about the "$87,000 Liquid Asset Rule" (ensuring you have enough emergency cash outside of your annuity) and the "60% Rule" (why carriers won't let you put more than 60% of your total liquid net worth into annuities).

Shawn also reveals the "inside baseball" secret to protecting large deposits: If you are investing $1 million or more, learn why you should split that money across multiple carriers to maximize your State Guaranty Association (SGA) protecย ...ย 

Read more