Is term universal life really term life insurance?
As prices for term life insurance continue to come down, some life insurance companies, in my professional opinion, have taken a short cut to compete. They are offering term life insurance policies within a universal life framework that allows them to offer cheaper rates to consumers but with potential negative consequences to the client. The term life insurance marketplace is extremely...
Saving for tomorrow, tomorrow It’s easy to imagine saving money next week, but how about right now? Generally, we want to spend it. Economist Shlomo Benartzi says this is one of the biggest obstacles to saving enough for retirement, and asks: How do we turn this behavioral challenge into a behavioral solution?
A financial plan is your road map to accumulating...
Many financial problems occur in each of our lives. How we face these problems can determine the quality of our lives and the lives of our loved ones. Common problems Some of the financial issues which each person can expect to face during his or her lifetime are: A. Cash management: More than just keeping a balanced check book, cash management includes preparing (and following) a budget, using...
Run your practice like a business: use metrics →
How Much Money Makes You Rich?
rubenrojas: Is it earning $60,000 a year? A net worth of more than $5 million? I find these numbers extremely low. As an LA native I know and in dealing with my financial clients that $150,000 does not go as far as we may think. *Note how many people define “rich” as an annual income of less than $60,000.
3 social media insights from the Super Bowl
By Amy McIlwain On Feb. 5, 2012 the Super Bowl became the most highly viewed program in American history. The 112 million sets of eyes tuned in to the game were watching for an infinite number of reasons — to cheer for their favorite team, to watch commercials, to critique the halftime show, to get free food from the party or to watch the post-game interviews. In 2012, however, viewers not...
Reclaiming Retirement via TheStreet
Bank of America: Biting the hand that feeds you
The largest bank in the U.S. now ranks near the bottom (6,128 out of 6,800) of U.S. banks lending to small businesses. Once upon a time there was an Italian immigrant named Amadeo Giannini, whose name might make you think he was an opera star. His father was shot trying to collect a $10 debt, but Amadeo believed in the principles of ethical lending. In 1904, he founded a bank in San Francisco...
5 ingredients of superstar insurance professionals
By Jeremy Nason If you want to be a survivor and enjoy long term success in this industry, you’re going to have to make some major changes. You can no longer afford to be just an insurance agent selling insurance or a financial advisor selling investments; you must become a true sales professional. In the past 30 years we’ve seen a dramatic reduction in the sales force for the...
2012 Edelman trust barometer: finance sector...
2012 Edelman Trust Barometer: Global Deck View more presentations from Edelman Insights
Are people really retiring later?
Just because older Americans wanted to keep working didn’t mean that they could. True or false? You may have heard this claim before (or something like it): “Many Americans are being forced to retire later because their savings and investments took a hit in the Great Recession.” Recently, a big-name economist disputed that belief. In a commentary for Bloomberg, former White House Budget...
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