A Word of Warning on Fixed Index Annuities (or any Fixed Product)

Do Fixed Index Annuities offer some wonderful benefits that you can’t find anywhere else?  Absolutely!  Are they the Be All, End All financial product that you should dump all your money into?  We would strongly urge you not to!  We’ve just spent a couple posts talking about how wonderful FIA’s can be (which you can…


Fixed Index Annuities: Then & Now

Fixed Index Annuities have only existed a couple of decades.  (See here for our fixed index annuity introduction.) We used to love them because they offered a large amount  of the index gains with no chance for losses.  You would often be offered Annual Point to Point Caps in the 10 to 12% range, so…


Fixed Index Annuities

We have a love/hate relationship with Fixed Index Annuities.  We used to love them, then we began to hate them, and now we’re swing back towards love…in the right situations.  Most Fixed Index Annuities aren’t right for everyone, but for the right person, they can be an excellent part of your planning strategy!  (We’re continuing…


Fixed Annuities & Variable Annuities

Fixed Annuities & Variable Annuities are two common types of what is called “Deferred Annuities”.  Unlike the immediate annuity that we discussed on Friday, these types of annuities are designed to grow your capital in a tax deferred manner before then being used to provide a lifetime income.  Let’s look at both types… Fixed Annuities…


Immediate Annuities

An Immediate annuity is probably what most people first think about when they hear the word annuity, although there are so many different types (as we’ve been discussing) that it depends on which ones you’ve encountered as to which comes to your mind.  Probably the first type of annuity was the Immediate Annuity.  This product…


What is an Annuity?

An annuity is basically a savings or investment vehicle offered by an insurance company.  It should not be considered an investment technically, because it is not.  And it should not be considered a bank savings account, because it is not.  But different types of annuities have features that might be very similar to these other…


Free Long Term Care Insurance

Is it possible to get free long term care insurance?  Not in the traditional way, but today we’re going to continue the series on long term care which began here and show you two breakthrough solutions to providing significant chronic illness benefits without having to pay for them if you don’t need them.  If you…


Long Term Care Solutions

Long Term Care solutions can be tricky at best and downright confusing to anyone trying to figure them out.  We started discussing the long term care problem here.  Today, we’re going to look at the first two of four types of solutions to this long term care problem that grows every year.  More and more…


Long Term Care Insurance

The need for Long Term Care insurance in the United States has been and continues to grow rapidly.  The latest statistic we’ve seen is that 70% of people who make it to age 65 will need some form of long term care.  We’ve just begun a new series on insurance products that have been revamped…


Insurance That Deserves a Second Look

We’re starting a new series on types of insurance that deserve a second look.  We’re calling it that because each has seen an incredible transformation over the years.  Over three years ago, we gave an introduction to the insurance topic here.  We’ll be focusing on 3 types of products in this series (that will really…