April 21, 2015

Best Performing 10 Pay Whole Life Products for Death Benefit: 2015 Edition

Best Performing 10 Pay Whole Life Products for Death Benefit: 2015 Edition

Last week we revealed results of our 10 pay whole life comparison for cash surrender value and this week we have the results comparing the death benefits of various 10 pay whole life products.

The comparison uses data collected from the same policy proposals used in the cash value comparison. Male and female ages 45 and 55 with preferred risk class. Internal rate of return is calculated on the premium derived using a $1,000,000 initial death benefit.

Read More…

April 16, 2015

165 We’ll Watch Your Money

165 We’ll Watch Your Money
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To those in our audience who have reached out to us and let us know more of what you’d like for us to discuss on the Finanical Procast, we thank you. And for those of you that have not let us know what you’d like to hear us discuss, please don’t hesitate to do so, we are open and willing to entertain just about anything as it relates to the world of finance.

We record this show every week for the benefit of those in our community and it always helps to know more of what you’d like for us to discuss. Read More…

April 14, 2015

Best Performing 10 Pay Whole Life Products for Cash Value: 2015 Edition

Best Performing 10 Pay Whole Life Products for Cash Value: 2015 Edition

We’ve gathered information on the best performing 10 pay whole life products for 2015 looking at cash value rate of return.

As a quick review Read More…

April 9, 2015

164 More Convicted Than An Index Fund Investor

164 More Convicted Than An Index Fund Investor
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Here is the lineup for today’s show:

Hate Your Boss? You’re Not Alone. (02:49)

Investment Firms Advertise Like Fiduciaries (16:50)

Financial Services Companies Late to the Social Media Party (35:06)

Index Fund Investors More Intelligent? (49:40)

As you can probably tell by now, we are more than capable of talking about things that WE are interested in but we’d much prefer to talk about things that will really help those in our audience.

That being said, if you have a question, comment or suggestion–please reach out to us, we are open and willing to entertain discussion on just about anything in the world of finance.

April 7, 2015

The Myth of the Rising Cost of Universal Life Insurance

The Myth of the Rising Cost of Universal Life Insurance

For years, those who favor whole life insurance have told us that universal life insurance has an evil side.

The product with an optimal expense structure that affords the policyholder ample opportunity to adjust premiums as personal finances require also possesses the nasty cost of “shifting the risk back onto the policyholder,” thus (a favorite line of mine) “taking the sure out of insurance.”

This “awareness” campaign has enjoyed a certain degree of success. The number one concern about universal life insurance that we hear from those looking to buy a policy is the rising cost of insurance as they age.

Somehow, the companies that manufacture whole life insurance magically stop your probability of dying from increasing as you age.

Perhaps there is a fountain of youth in every home office. Maybe they dip the policy pages in it prior to sending it to you, and that’s why it takes them so long to arrive!

Read More…

April 2, 2015

163 We Hear Y’all Are Pretty Good on the Computer?

163 We Hear Y’all Are Pretty Good on the Computer?
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We’re back after taking a little break last week but not to worry…we’ve made up for it with this week’s episode.

Here’s what we’re discussing about today:

Elite Credit Card Holders Are a Fraud Target (03:06)

Foreclosures Stalled by Pesky Laws (14:00)

Investment Advisory Fees on the Rise (31:18)

The Quiet Company™ Makes a Purchase (46:25)

Read More…

March 30, 2015

Gallup: Over 50% of Investors could Sell Stocks if Interest Rates Rise

Gallup: Over 50% of Investors could Sell Stocks if Interest Rates Rise

Gallup recently released data from a survey of over 1,000 U.S. investors where findings reported more than half of polled investors have not ruled out the possibility of moving out of stocks if interest rates rise.

Survey respondents also largely believe the U.S. economy will see rising interest rates in the near future, and the vast majority believes this increase in rates will be modest.

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March 23, 2015

Indexed Universal Life Insurance Crediting Debate Update

Indexed Universal Life Insurance Crediting Debate Update

The debate over regulating indexed universal life insurance interest rate assumptions looks to be nearing an end and as the dust settles it appears as though the whole life insurance coalition won. Read More…

March 19, 2015

162 I do, I do, I do, I do

162 I do, I do, I do, I do
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You’re probably wondering, “what’s with the crazy title?”

Well, one of us getting married in a few months and is getting quite the education on weddings and I say “miscellaneous” costs that tag along for the ride.

But don’t fret, if that’s of little interest to you, we’ve got plenty more to discuss

Read More…

March 12, 2015

161 You Can Be Objective and Still Be Wrong

161 You Can Be Objective and Still Be Wrong
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Sometimes after we record the Financial Procast I realize that though we’ve discussed three or four separate topics with no apparent connection, a common thread emerges that ties them all together.

Today’s episode is one of those moments.

What is the obsession with “objective” financial advice? What does that even mean? And…more importantly, just because your advice comes from an objective source (for the purpose of this discussion that would mean someone with whom there is no financial incentive to provide advice that leans one way or another) does that necessarily mean it’s good advice?

We don’t think so. You can be objective and still be wrong.

Read More…