Longevity Risk
{2 minutes to read} As many of our clients are getting closer and closer to retirement, they are faced with many different types of risk. One risk is market volatility — where we constantly see wide ranges of performance in the stock market: markets going up and going down every single day by wide, wide margins. That has a lot of people scared. On top of that, we are in a very low-interest-rate environment. Those safe pools of money such as bonds, bank accounts, and CDs have very [...]
How Do You Define Good Planning?
{2 minutes to read} Today, I want to talk about what happened to me while I was visiting an advisor that works through my organization. She shared with me how someone had passed away, hadn’t done the planning, and didn't have adequate life insurance. The family was desperate for money for last expenses, debts, and other financial obligations, putting the children in a vulnerable position. So they set up a GoFundMe page, which you see more and more these days on social media, telling a sad story about a [...]
Wealth-Building Cornerstones
{2 minutes to read} Today I want to talk about a new program that we are using called Wealth-Building Cornerstones. The philosophy of the program is to maximize people's retirement income by utilizing two economic powers: investment planning and actuarial science. If you are in a position where you are missing one of these economic powers, your ability to generate maximum and guaranteed retirement income may be compromised. By combining products that involve actuarial science along with investments, you will be able to potentially have the optimal balance [...]
What Happens to Your Insurance When Your Insurance Company Stops Selling It?
{2 minutes to read} What happens to your insurance when an insurance company stops selling a line of business that you have? Lately, there’s a trend in which many insurance companies have stopped selling traditional long-term care and others are ceasing to sell life insurance. There are two things that I think are very important for you to be aware of. When a company ceases to sell a line of business, it usually does not provide the best service and communication to the policyholder. Recently, a client contacted [...]
Our CEO — Chief Experience Officer!
{1 minutes to read} I want to introduce you to our CEO — that is, our Chief Experience Officer, Deborah Marcovecchio. When we do business with a client, many times there's going to be a lot of interaction to implement strategies, insurance plans, retirement plans, etc. We hand that over to Deborah, who I've been working with for about 15 years. She knows our business from many different perspectives, that of a: Client, Producer, and Administrative Assistant. As an administrative assistant, Deborah has made it as easy as [...]