Archive Monthly Archives: June 2012

What is an Annuity?

When it comes to financial planning and insurance products the annuity is traditionally regarded as the product that disperses or liquidates a sum of money.  Long known for their reputation as the safe

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An Introduction to Estate Planning

Estate planning is a subject that traditionally incites images of stuffy topics that require obtuse attorneys who spend all of their time fascinating over abysmal tax implications.  While this assumption

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What’s The Problem With My Pension?

For the past few decades, a big part of the American Dream was to go to college, get a great job with a big company, work there for forty years and then spend your days cruising around in your golf cart

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Compound Annual Growth Rate vs. Average Annual Return–Wall Street’s Greatest Sleight of Hand

I’ll be honest with you—writing this post makes me feel a bit like Jack Nicholson’s character in the movie “A Few Good Men”. Remember when Nicholson is being questioned by Tom Cruise in the most

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7702 Plan: Always a Bad Idea or Simply Misunderstood?

Several years ago (the details as to exactly when are a little hazy), someone somewhere within the insurance industry made a fascinating discovery, which gave way to something referred to as a 7702 plan. What

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Ohio National Life Term: You Had No Idea a Mutual Could Write Term this Cheap…Did You?

Ohio National Life, the 100 some odd year old life insurance company from Cincinnati known for having a good…well…almost everything. Most of the time, we can segment companies by being rockstars

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Modified Endowment Contract: MEC Should You Be Worried?

Anyone who has looked into cash value life insurance has probably come across the term Modified Endowment Contract (MEC). Those with flexible premium policies may have noticed a portion of their statements

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Life Insurance Company Ratings–Do They Matter?

The last few years have certainly seen an unprecedented amount of chaos in the global financial markets. And life insurance companies have not been immune to the aftershocks. We all know that in large

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Cheap Term Insurance? Should we Talk about Banner Life Insurance?

If you were to spread sheet quotes from life insurance companies (or have your agent do it) near the top of the list for low price premiums would likely fall a tiny insurance company owned by a massively

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