The pandemic has been a wake-up call for many to reevaluate their finances, according to a recent Life Happens survey. And for women, especially working mothers—the pandemic has delivered an extra punch of career stress.
(more…)financial planning
Life Insurance Lingo: You know what I mean, right?
“You know what I mean right?”… Well actually, I don’t. How many times have you had a conversation only to walk away not really understanding what was said? Probably more times than any of us care to admit. We don’t ask questions because we don’t want to look dumb; especially when it comes to financial products and services. (more…)
Sundry Situations for SPDAs
In my previous post about Single Premium Deferred Annuities (SPDAs), I summarized Becky’s challenge to find a financial product for her retirement money that was safe from the volatility of the market1, but with greater interest earning potential than banking and other fixed interest products. Her situation was ideal for a fixed indexed SPDA.
SPDAs serve a lot of needs and don’t get enough credit for it. One reason for the slight is that they just don’t cut through the noise of so many types of financial solutions and options. Faced with too much choice of anything, we all tend to tune out most of it, often at the risk of missing some very good ideas. (more…)
Understanding Life Insurance Lingo Part 1: Policy Basics
Life insurance represents a key corner of the financial planning space in need of more education. Nearly three in five consumers (59%) own some form of life insurance, according to LIMRA’s 2018 Insurance Barometer Study. Yet, common questions persist, especially over the industry’s constant use of jargon.
So, with good cause, let’s review a batch of the more frequently used life insurance terms. (more…)
