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.

Read More…

November 20, 2014

148 This Is How I Say I Love You–Now Get Out!

148 This Is How I Say I Love You–Now Get Out!
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I guess we should’ve called this our “Thanksgiving Special” since we’ve decided to take the week off from producing an episode of the Financial Procast. So, here you go, it’s our Thanksgiving Special–filled with joy of course (sarcasm light is blinking).

Today’s episode may not be filled with all the joy of a Thanksgiving Day celebration with your favorite family members but I can assure you that this episode is not lacking turkeys.

In the financial services industry, we’ve turkeys a plenty.

Read More…

November 17, 2014

Top Whole Life Insurance Carriers for Cash Accumulation 2014 Edition

Top Whole Life Insurance Carriers for Cash Accumulation 2014 Edition

When considering the best whole life insurance for retirement savings or any other derivative dealing with cash balance focus (e.g. Bank on Yourself®/Infinite Banking®, collateral assignments, retirement income, etc.) it’s vital to pick a product and a carrier that can best accommodate this goal.

Whole life insurance can be an excellent choice for accumulating cash on a tax deferred and even tax free upon distribution strategy, but one small detail most insurance agents/brokers tend to forget to mention is the fact that not all whole life insurance contracts are created equally.

And since we spend a great deal more time than the average agent/broker planning, designing, and implementing policies for this very purpose, we’ve taken to rolling out a winners list each year based on our experience and knowledge of the industry’s offerings.

Read More…

November 13, 2014

147 The World’s Wealthiest Manicurist

147 The World’s Wealthiest Manicurist
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Every now and then when we’re compiling things that we’d like to discuss in an episode of the Financial Procast, we find 3 or 4 topics for discussion that have absolutely no relation at all to one another.

If you’ve never experienced this phenomenon, you’re in luck today!

Listen closely, comment freely and let us know what you think. One thing I know you’re going to walk away with is more knowledge about all four of the following than you ever though possible. Read More…

November 10, 2014

Proper Assumptions about Indexed Universal Life Insurance Income

Proper Assumptions about Indexed Universal Life Insurance Income

Using indexed universal life insurance for retirement income comes with a certain degree of skill and responsibility that shouldn’t be overlooked. The liberty an agent or broker can exercise over assumed interest rates means that we need to seriously test our design and proposed ideas to ensure proper expectations as it relates to policy performance.

Unfortunately, this responsibility sometimes goes unchecked and a few bad eggs have presented and sold policies with lofty expectations that may one day become serious disappointments as it relates to the income producing capabilities of these products.

Remember–many people are looking to use indexed universal life insurance to create tax-free income at some point in the future by making use of policy loans.

Read More…

November 6, 2014

Breaking News: Northwestern Mutual Announces 2015 Dividend

Breaking News: Northwestern Mutual Announces 2015 Dividend

The Northwestern Mutual Life Insurance Company announced its 2015 Dividend. Total dividends paid will increase by roughly $300 million to $5.5 billion and the dividend interest rate on whole life insurance Read More…

November 6, 2014

146 I Went to College And All I Got Was This Stupid Loan

146 I Went to College And All I Got Was This Stupid Loan
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Well, you’ll find it a big relief to know that my office was clear of dead rodents this week so our sound quality should be back to an acceptable quality.

Here’s what we are talking about today:

 

Seems Some Millennials Can’t Save Enough for Retirement (04:27)

Is the 4% Rule Finally Dead? (16:15)

LIMRA: Most Parents Financially Support Adult Children (32:12)

Industry Divided Over Indexed Universal Life Insurance (IUL) illustrated rates (44:06) Read More…