Episode #270: The Truth Behind How Annuity Companies Make Money By Kyle Tomko | January 23, 2023 Annuities, Money Script Monday Share this post Share Tweet Share with a client Share with a colleague Have you ever wondered how an insurance company makes money through an annuity sale … how it’s possible that there are no fees charged inside a contract … Or how the advisor you work with is compensated? These are all reasonable questions to ask especially considering the popularity of annuities among pre-retirees looking to establish guaranteed income in retirement. In this episode of Money Script Monday, Kyle dispels the most common annuity myth and explains what an insurance carrier does with the money you pay into a policy. Resources Provided for This Episode Video Transcription Whiteboard Image Want consumer-friendly videos sent to your inbox every week? Sign up to receive to receive LifePro's weekly Money Script Monday video series providing financial clarity, dispelling myths, and showing you how money works in 10 minutes (or less). Subscribe now! Have any questions? Give us a call at 888-LIFEPRO or email us at firstname.lastname@example.org. Want to learn more about how we can help with your unique financial situation? Fill in your contact information below, and we'll get started right away! About Kyle TomkoKyle Tomko is a Senior Field Support Representative at LifePro. He coaches hundreds of financial professionals on how to build effective financial strategies that achieve their clients' long term goals and helps them stay educated on the latest industry trends.