Life Annuities Podcast
A Life Annuities Podcast
I recently made a podcast with Monty Loree who runs the Canadian Money Advisor site at http://www.canadian-money-advisor.ca/podcast-summary.html.
A lot of the conversation was about life annuities and their growing importance to the investing public.And the question arose;why life annuities?
A growing number of people are fed up with the stock market and its volatile behaviour which makes everyone anxious.
It appears about 99% of mutual and segregated fundholders were left in their sinking funds as the Dow fell from 14,000 approx to 6,500 approx in March 2009.All of these clients could have been moved into money market funds or daily savings accounts where they would have made little or no money or even lost a very little,but at least their capital would have been preserved.But no,they were left to rot and now face a market which has struggled back about 50% or so.
So do they stay in and hope to recover more? Or do they bail and head for security in a life annuity? With a life annuity the income is known,it last a lifetime (literally ) and you don,t care if the market falls into a black hole as it probably will.And that is why the public are turning to life annuities.
POSTED BY IVON T. HUGHES AT 2:15 PM 15 COMMENTS
THURSDAY, NOVEMBER 19, 2009
Your Term Life Insurance Exam
When you purchase a life insurance policy, you may be required to take a medical exam. Life insurance companies need these medical exams to determine the premium to be charged. If the medical exam results indicate that you have a greater risk of dying at an early age the life insurance company will charge higher premiums. However, if you are in good health you will pay the standard life insurance premium.
Life Insurance Factors
Life insurance companies use two factors to judge how much to charge. The mortality rates of people are statistics found in the longevity charts of the life insurance companies and the second factor is your medical exam and
I recently made a podcast with Monty Loree who runs the Canadian Money Advisor site at http://www.canadian-money-advisor.ca/podcast-summary.html.
A lot of the conversation was about life annuities and their growing importance to the investing public.And the question arose;why life annuities?
A growing number of people are fed up with the stock market and its volatile behaviour which makes everyone anxious.
It appears about 99% of mutual and segregated fundholders were left in their sinking funds as the Dow fell from 14,000 approx to 6,500 approx in March 2009.All of these clients could have been moved into money market funds or daily savings accounts where they would have made little or no money or even lost a very little,but at least their capital would have been preserved.But no,they were left to rot and now face a market which has struggled back about 50% or so.
So do they stay in and hope to recover more? Or do they bail and head for security in a life annuity? With a life annuity the income is known,it last a lifetime (literally ) and you don,t care if the market falls into a black hole as it probably will.And that is why the public are turning to life annuities.
POSTED BY IVON T. HUGHES AT 2:15 PM 15 COMMENTS
THURSDAY, NOVEMBER 19, 2009
Your Term Life Insurance Exam
When you purchase a life insurance policy, you may be required to take a medical exam. Life insurance companies need these medical exams to determine the premium to be charged. If the medical exam results indicate that you have a greater risk of dying at an early age the life insurance company will charge higher premiums. However, if you are in good health you will pay the standard life insurance premium.
Life Insurance Factors
Life insurance companies use two factors to judge how much to charge. The mortality rates of people are statistics found in the longevity charts of the life insurance companies and the second factor is your medical exam and