financial planning

Sundry Situations for SPDAs

Rick Ryan    July 23, 2019     867  

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…)

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Understanding Life Insurance Lingo Part 1: Policy Basics

Rick Ryan    May 2, 2019     1232  

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…)

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