There have been enough written and said about annuities to know that they do include certain costs that you wouldn’t ordinarily encounter with other types of investment products. Still, it is interesting that annuity critics try to illustrate cost disparities by comparing them with the other products.
There are literally hundreds of life insurance providers that offer thousands of life insurance products through a myriad of distribution channels.
There's more to preparing for retirement than just saving. Here's what to consider.
Life happens, and, when it does, it sometimes has a tendency to get in the way of the things we are trying do for ourselves and our families.
It sucks to be rich. At least that’s how one might interpret the general feelings of high net-worth individuals who respond to the ACE Private Risk Services Survey on Personal Liability Perceptions and Behavior Among Wealthy Households (2014).
If you haven't started planning for retirement yet, it's not too late.
For many people, structuring their auto insurance policy comes down to obtaining the greatest amount of coverage at the lowest cost. Because auto insurance has become commoditized, the focus often shifts to the premium amount as the primary point of comparison, which is fine as long as you don’t lose sight of what it is you are trying to protect.
Annuities are more than just financial products. They are financial solutions that fill a need or address a concern, whether it is for tax savings, guaranteed income for life, portfolio stability, guaranteed growth, or simply some peace-of-mind. But, they are also somewhat complex, which is, perhaps, why some people shy away from them.
Most financial planning experts agree that life insurance should form the foundation of everyone’s financial plan. For most families, their most basic financial security needs would be in jeopardy should they suffer the loss of one of their primary breadwinners.
If you are at the point where you are asking how to buy a life insurance policy, then you have already made the most important financial decision, which is to take the steps to insure your family’s or loved one’s financial security. For many people, that is most likely a critical decision that has long been procrastinated.
Life insurance has existed for nearly two centuries as essential planning tool that protects dependents from the risk of a breadwinner’s untimely death. However, given the unique investment properties of life insurance, financial planners are finding a number of ways it can be used in other ways to enhance portfolio returns while reducing risk.
For some people, getting an auto insurance quote is a lot like spinning a roulette wheel; you don’t know what will come up, and each time you spin it (getting quotes from different companies) it’s always different. Worse, there doesn’t seem to be any rhyme or reason for the quote.