December 18, 2014

151 Lawsky, Lew, & the Law

151 Lawsky, Lew, & the Law
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Well, it looks like we’ve survived another year…both literally and figuratively. This is our last episode of the Financial Procast for 2014 and we would like to sincerely thank all of your who listen regularly, occasionally or even just for a few minutes here and there.

No doubt we are humbled that anyone listens to us at all. We will not be releasing a show on Christmas Day as we decided that we would take that week off and figured most of you would like to take a little time off as well.

Here’s to 2015! Read More…

December 15, 2014

Top Indexed Universal Life Insurance Carriers for Cash Accumulation 2014 Edition

Top Indexed Universal Life Insurance Carriers for Cash Accumulation 2014 Edition

We all know indexed universal life insurance has taken its place at the top of the leader-board as the dominate form of universal life insurance when cash accumulation is a primary consideration. It’s also the #1 growing type of life insurance in the United States and has held this title for several years. There’s a lot to like about it, but there are a lot of different forms of this product offered by several insurance companies. Just as we’ve noted about whole life insurance not all insurance contracts are created equally. So, we’ve put together a guide for best bets among the indexed universal life insurance crowd when cash accumulation is the primary objective.

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December 11, 2014

150 Fa-la-la-la-la You’re Broke

150 Fa-la-la-la-la You’re Broke
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Today we’re sharing our Christmas cheer with all of our listeners–you should all be excited. Along with our healthy dose of holiday spirit there’s also a somewhat harsh reality check coming for all those who love to spend, spend, spend during this time of year.

But it’s not all about admonishing you not to spend yourself into oblivion at the expense of your future. No, today we’ve also got a story from Mark Cuban’s most recent 8 year, $20 million battle with the SEC that should keep you entertained.

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December 8, 2014

Do Life Insurance Guarantees Matter?

Do Life Insurance Guarantees Matter?

Life insurance guarantees are sometimes heralded as a key benefit. Many whole life insurance contracts are sold with a focus on the fact that the policy boasts various guarantees that—while admittedly impressive in a relative sense to all other financial products—are often overplayed.

But do these guarantees actually matter? And what does the guarantee represent—I mean in a practical application—for life insurance contracts as they relate to cash accumulation strategies? Today we’ll explore this consideration.

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December 4, 2014

149 This Is What Responsible Borrowing Looks Like

149 This Is What Responsible Borrowing Looks Like
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As you’ve probably already guessed, at least one of things up for discussion today has to do with the renewed vigor of the mortgage lending market. But not to worry, it’s not all about poking fun at so-called “responsible borrowing”.

No…we have a few other topics of interest as well.

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November 26, 2014

Breaking News: Penn Mutual Announces 2015 Dividend Rate

Breaking News: Penn Mutual Announces 2015 Dividend Rate

The Pennsylvania Mutual Life Insurance Company has announced its plans to pay its participating policy holders $41.2 million in dividends an increase of Read More…

November 25, 2014

Breaking News: New York Life Announces 2015 Dividend

Breaking News: New York Life Announces 2015 Dividend

The New York Life Insurance Company has announced its plans to pay $1.6 billion to its participating policyholders in 2015.  This will be an increase in total dividends paid of Read More…

November 24, 2014

Breaking News: Guardian Life Announces 2015 Dividend Rate

Breaking News: Guardian Life Announces 2015 Dividend Rate

The Guardian Life Insurance Company of America has announced its plans to pay $784 million in dividends to its participating policy holders in 2015.  This will make the dividend rate for 2015 Read More…

November 24, 2014

7 Reasons to be Wary of Indexed Universal Life Insurance? A Response to Bank on Yourself

7 Reasons to be Wary of Indexed Universal Life Insurance?  A Response to Bank on Yourself

Pam and friends over at Bank on Yourself® released a blog post detailing the reasons to be wary of Indexed Universal Life Insurance complete with a video to further emphasize their point.

It comes as little surprise that a marketing program that seeks to help insurance agents sell more whole life insurance would work to demean indexed universal life insurance, but what is surprising is the sheer lack of honesty.

There are a number of over-the-top claims with zero supporting evidence, so we’ll discuss all seven reasons to be wary of indexed universal life insurance.

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