Archive for January, 2015


156 Newsflash: Rich People Save More Money

Well, today’s episode takes us back to our normal format where we scoured the interwebs looking for stories that we think would interest our community and that we could pontificate on for more than a minute or two. Oddly enough we ended up with two stories that illustrate what we think is vast governmental overreach […]

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155 Taxes: Because I Don’t Want To

Today’s episode is all about taxes. Now, we normally talk about taxes as the April 15th deadline approaches, however, with all the buzz concerning the President’s latest proposed changes that could ultimately change tax law, we felt obliged to talk about taxes today. So, we don’t have a neatly organized show for you today. Instead, […]

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Understanding Life Insurance Underwriting: What does it mean to be Standard or Preferred

The life insurance underwriting process is an evaluation of an applicant that insurers use to categorize policyholders. The regular categories looking something like: standard, preferred, and preferred plus or some equivalent idea. But what does it means to be standard or preferred? And why do insurance agents and brokers sometimes talk about waiting until the […]

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154 Variable Universal Life Insurance Lawsuit

A new variable universal life insurance lawsuit was filed in California Superior Court back in October of 2014 alleging Breach of Fiduciary Duty, Fraud, Professional Negligence, and Unjust Enrichment. Defendants listed in the lawsuit include Larson Financial Group, Larson Financial Securities, John Hancock Life, and Nationwide Life and Annuity. The complaint tells an interesting story […]

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Why aren’t there more Fee-Only Insurance Advisors?

Fee-only insurance advisors sound like a good idea. Since we can never know if an insurance agent/broker is truly working in a client’s best interest or secretly anticipating a commission check, the thought of an independent second opinion that is not motivated by a potential payday appears straightforwardly good. However, the use of fee-only insurance […]

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153 That Two-Faced Sonnova…

We had a couple of thin topics to start off today’s episode but not to worry…the last two topics carried us and we had plenty to say about those things. It seems talking about 401k’s and picking on government officials is always good fodder. Be sure you tune in to the bit on Roth IRA […]

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The Myth of the Evil Insurance Salesman

For years, media types and fee-for-service consultants have shouted commissioned salespeople into a dark ugly corner. This bullying reinforces the stereotype that commissioned sales professionals twist the arms of unsuspecting persons in an effort to enrich themselves. While this sort of stories certainly makes for good entertainment (and tasty marketing morsels for the slick brochures […]

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152 Grandma’s Gold Bunions

Well, here’s the first episode of the Financial Procast for 2015. The show has now managed to span three calendar years and we are grateful that you choose to spend some time with us each week. It’s been a while since we’ve done a “Q&A” type show and we would love to do a couple […]

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