It doesn’t take an actuary to know today’s market is in a volatile tumble. The social distancing protocol of the COVID-19 pandemic has sent markets – and the economy – into a tailspin.
(You can watch my take on it all here.)
Today's IUL is very different - in design and use - from many of the UL products of the past.
But a recent Wall Street Journal article, "It's the Hottest Thing in Life Insurance. Are Buyers Aware of the Risk?" seems to miss that point altogether.
I’m sure you run across clients who are true followers of Dave Ramsey. These clients are committed to getting debt-free in all aspects of their finances.
But Ramsey and his followers overlook a HUGE debt nearly every American carries: Their debt to Uncle Sam.
In December, Congress passed a bill that could transform your practice in 2018 and beyond.
I’m talking, of course, about the tax bill, the most sweeping overhaul of our nation’s tax code in more than 30 years.
There’s been a lot of chatter lately (particularly from whole life producers) about the effectiveness of AG 49. Most of the talk is centered around the question: Are IUL max illustrated rates still too high?
We bet it’s the most common objection you hear: IUL is an expensive way to save.
You’ll hear it from prospects who did a Google search on saving with life insurance. Dave Ramsey has made it a hallmark of his advice. Fee-only financial advisors hold it as a holy grail.
Nearly all Americans believe a myth.
Every time savers look at their IRAs, they take part in the Great American Savings Myth: They believe that money is theirs.
It’s an easy myth to accept. When you look at your IRA statement, it says you have a balance of $500,000. And you start thinking of ways you can spend that $500,000: how much income you can generate, what trips you might want to finance.
We all agree financial professionals should get paid for their work. But our industry is torn over how we get paid.
