Occasionally, someone will send me a quote they got from another agent for universal life insurance. Sometimes it’s guaranteed UL. Sometimes it’s indexed UL. Don’t see too many current assumption ULs anymore. I did when I first got into the biz, but not these days. Anywho, I rarely recommend them to my clients for a […]
A glassmaker’s secret to personal financial security
I grew up in the podunk town of Bath, New York. Bath is a hop, skip, and a jump from Corning. In fact, I lived right in the city of Corning in my early 20s and worked for Corning Incorporated making fiber optics modules. Working for Corning taught me a lot about financial security, even […]
There is no such thing as government funded healthcare
It’s all taxpayer funded. Everyone pays taxes. You. Me. Everyone. The difference between a “universal” healthcare option (which uses “community rating”) and a fully medically underwritten system is that the money passes through government hands first, which creates another layer of expense. That and community rating systems aren’t mathematically sustainable whereas fully underwritten systems are. […]
Hark the herald angels sing. The flight to safety, hear it ring
I got a text message the other day telling me to schedule my annual flu shot. Cool. Except… I already had my flu shot. But, wait. There’s more! Ever notice how when you go online, there are these ads that seem to “follow” you around, asking you to buy things you already bought? This is […]
Vanguard’s red herring
Most investors fail because: They aren’t saving enough Money is needed for other things (e.g. emergency expenses, large purchases, term life premiums, etc) and; Behavior This is something DALBAR has researched year after year after year. On that last one… lots of folks get spooked when the stock market crashes and they do crazy things […]