We know that life insurance and financial services may not be that interesting for most people but we hope you will find value here and that you find this information helpful, nonetheless. The goal of this page is to deliver useful, credible, timely information, in English. We’ll focus on best in class products, income planning in retirement, lowering premiums, succession planning, annuities and innovation. We welcome questions, critique and your feedback. We appreciate it greatly when you share this page with others or connect with us on Facebook and LinkedIn.
CD’s and bank savings’ rates are less than 0.02%. Not likely to change for the next two years, where do you find safety and better rates of interest? Check with us about multi-year guaranteed annuities, known as MYGAs. For example, 3% for 3 years is available right now. Guaranteed.
What is the SEC Best Interest rule or BI rule that will become effective on June 30, 2020? As we are proponents of transparency, disclosure and acting in a fiduciary capacity, this new rule will help protect investors/consumers further: https://www.investopedia.com/what-is-the-sec-s-regulation-bi-best-interest-rule-4689542 or you can visit the SEC website.
Can you get a life insurance policy during Covid 19? These are interesting times and people are wondering about life insurance coverage payouts during pandemics? If you are concerned about a specific life insurance policy, please feel free to contact us or the issuing insurance company directly. I can think of no reason why the coronavirus (COVID-19) would be cause for a denial and since the pandemic began. I am aware of no reports indicating that life insurance companies are denying claims due to the virus.
More and more grandparents are using annuities to create guaranteed, lifetime income for their grandchildren. The annuity and its income is safe from all the possible threats and risks families can go through. These gifts avoid probate, divorce, market risk and other mismanagement risks. For some, there is great value in their grandchildren receiving annual income with the knowledge it was left specifically for them.
A Few Bear Market History Facts:
1) Since WWII, bear markets occur every 6 Years.
2) A 30 year retirement will experience 5 Bear Markets.
3) Expect no gains during 50% of your retirement.
4) After a market bottoms, it takes 22.5 months on average, to reach the peak where it started.
5) Most of bull market gains are in the first year.
6) Tired of volatility and losses? NEVER LOSE PRINCIPAL AGAIN.
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Why is the stock market going up when the economic news from the Coronavirus is so bad? This can be terribly confusing for people in or near retirement. This was posted on Quora.com, this explanation may help: https://lifecyclefinancialplanners.com/market-losses/
Online vaults are one of the most helpful planning tools available. Designed to securely have documents, account information, trust documents, contracts, insurance policies and password information accessible in one place, Life Exec is leading the way in security and features. Check them out here: Click
In The News…Investopedia did an excellent job with this article about life insurance payouts, proper ownership and alternatives to lump sum payments to beneficiaries.
Is it possible for your retirement assets to be invested in the markets without suffering any losses?
Are Annuities Safe? During this market uncertainty, protecting your retirement assets may be on your mind more than usual. Yes, annuities are safe and they are worthy of strong consideration in your Individual Retirement Accounts (IRAs). They guarantee two of the most important things in retirement – principal and lifetime income. For many people, the stock market volatility causes too much anxiety in retirement. Market indexed or fixed indexed annuities take all the guesswork out of retirement income planning.
All insurance professionals are not created equal. Surgeons, trial attorneys, auto mechanics and architects are not the same either. There are significant differences among them and those differences matter. The Internet and technology give you access to the best insurance and retirement professionals, regardless of where you live.
McKinsey may be right about how financial advice will be consumed in the future. The future of financial services will offer consumers tremendous value through customization. It will be increasingly important for us to use real-time data and technology on a more ubiquitous basis. Consumers want advice during market turmoil, expecting us to be there with level-headed recommendations. The coronavirus reinforced my belief that high income earners and HNW people want guidance from experienced professionals.
Life insurance companies have reacted to the sudden drop in interest rates and uncertainty over COVID-19. Several have reigned in underwriting guidelines by slowing down approvals and shutting down certain demographics. This will continue to impact consumers in many ways.
How Do I Compare My Existing Term Life Insurance Policy To A New One To Lower The Premiums And Improve The Coverage?
- Determine how many years of coverage remain in your CURRENT policy?
For example, if you bought a 20 year term policy in 2015, you now have 15 years remaining because the guaranteed term rate will end in 2035 or 15 years from now.
- How long is your current policy convertible without evidence?
This is a critical deadline to be aware of in your existing policy and any new policy you may acquire in the future. Most people are unsure of when this deadline expires in the policy they currently own. The longer the better.
- List the other features in your term policy.
For example, does your current policy allow you to take an advance against the face amount of the policy, at no cost? Or, does it have a return of premium option? There are several features available today that may not have been available when your policy was issued. Nobody should own a policy today without accelerated benefits.
- Base the new quote on your current health.
Getting the best underwriting class will result in a big premium difference. The rates for Preferred vs Standard can be 20% or more.
- COMPARE! Share this information with an agent to obtain a quote.
In no time, the numbers will tell the story. Maybe you can reduce your cost or maybe you can spend the same and get a policy with more years and more benefits. You will be surprised. The result should be a lower premium, even though you are 5 years older now.
From January 2019 to January 2020, many of our INDEXED annuity clients experienced more than 14% gains. This means the contract was credited with new principal of 14% at the anniversary. That new interest is added to the principal and can NEVER be lost. Indexed annuities guarantee NO LOSSES and new gains are added to the principal. It’s a great story.
Apply and Buy. Get up to $5,000,000 of life insurance online, with NO MEDICAL EXAM, NO BLOOD TEST and you don’t have to turn your urine over to a stranger. Nor do you have to meet in person with an insurance agent if you prefer not to. Everything can be done online in about an hour. All types of insurance products are available: Whole Life, Indexed Universal Life, Term Life Insurance, Universal Life. Read more about apply and buy…
The passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law by President Donald Trump in late December 2019, loosens the rules on how employers can select annuity providers and include annuity options within 401(k) or 403(b) investment plans. Easing these rules is triggering more annuity options for qualified employees in the near future.
A retirement advisor helps you navigate the change from asset accumulation to asset protection and income distribution. Similar to financial planners, retirement advisors focus on protecting your assets and creating a plan for guaranteed income you cannot outlive.