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…
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.
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.
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.
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.
Whole life insurance investment yield on assets is an indicator we use to judge how well the insurer will be able to maintain returns on its cash value products. It’s not a perfect metric, but when we look at it in terms of the general trend, we can make assumptions about how the trend of the cash value products might turn out.
This is especially true for annuities with floating rates and cash value life insurance products and is a great consideration for where whole life dividend rates will go. We know this because a large portion of insurance company profits comes from investment gains—and since dividends are paid out of operational surplus (operating profits) this metric helps us predict the direction of future dividend payouts.
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…
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…
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…
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.