Found an annuity article in the local paper with an error so glaring that I had to debunk it. Here’s the article:Income for Life And here’s the critical error, conveniently in the first two paragraphs: Interested in annuities? The type known as an immediate annuity may pique the interest of some investors. But the first …
Continue reading “Variable Annuities: Debunking the Ignorant Press”
Life Insurance is something that nearly every adult should have, and almost every adult who buys goes about purchasing it the wrong way, at the wrong time, for the wrong reasons, and buys the wrong policy. Is that an indictment of the system or what? Let’s start with what life insurance is. Life insurance is …
Continue reading “Life Insurance – Proper Prior Planning Prevents…”
One of the most discounted investments available is the annuity. An annuity can be thought of as the opposite of a life insurance policy. Instead of creating an lump sum of money, an annuity liquidates one by providing you instead with a stream of income. The original idea is simple. Suppose you get a lump …
Every few days, I get junk mail wanting me to buy Mortgage Life and/or Disability Insurance. Buy regular policies instead. These are not, in general, good policies of insurance, because the benefits go straight to someone else. Mortgage Life Insurance is straightforward enough. It’s decreasing term insurance – the insurance company’s favorite kind of policy. …
I’ve run two prior articles this week on the theme of Long Term Care, one on Long Term Care Issues, and one on Non-Tax-Qualified versus Tax-Qualified, and Partnership Insurance Policies. Now, I’m getting down to nuts and bolts of what you need to know while shopping for a policy. The two most important characteristics are …
(Part 2 of a three part Series on Long Term Care) I wrote in the previous column a lot about long term care issues. This column deals with the insurance policies available for long term care. There are two major types, with one subtype available for people who are lucky enough to live in one …
Continue reading “Long Term Care Insurance: Non-Tax-Qualified versus Tax-Qualified, and Partnership”
One of the two most undersold financial products is long term care insurance. Yet it is a critical need, ranking just below disability insurance in the estimation of most financial planning agencies. Long Term Care is already a large part of our nation’s health care costs. In 2002, the last year I actively worked as …
I have a confession to make: When I was doing financial planning, I didn’t put enough emphasis on Disability Income Insurance. I was hardly alone in this; Disability Insurance is one of the two most undersold financial products there is. The other is Long Term Care Insurance, which product I at least researched properly and …
