Insurance-based retirement plans

Insurance-based retirement plans

Insurance-based retirement plans (IBRP) may be able to protect your family’s future through a death benefit while you save for retirement with the same product.

As your personal situations change (i.e., marriage, birth of a child or job promotion), so do your life insurance needs. Care should be taken to ensure your strategies and products are suitable for your long-term life insurance needs. Weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing.

Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy.

Life insurance fees and charges associated with plans include costs of insurance that vary with such characteristics of the insured as sex, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.

Potential problems may exist with life insurance policies

Potential problems may exist with life insurance policies purchased from ANY life insurance company during the 1980s, 1990s and pre 2008.

Many of those life policies have sustainability that is linked to interest rates and performance of the stock market. Interest rates have steadily declined and are at historic lows; also the stock markets over the last decade have under performed.

Continue reading

Quit Smoking

Great American Smokeout – Nov. 20th

Lung cancer is the second most common cancer in both men and women, but is the leading cause of cancer death in the United States. The risk of developing lung cancer is highest in smokers, but many people who do not smoke also develop lung cancer each year.

Smoking is by far the leading cause of lung cancer. At least 80% of lung cancer deaths are thought to result from smoking. Even people who don’t smoke themselves can be at risk from breathing secondhand smoke.

Quitting smoking is one of the most important things you can do for your health. The sooner you quit, the sooner your body can begin to heal. You will feel better and have more energy to be active with your family and friends.

As a part of Health Care Reform, many plans offer smoking cessation treatment under the preventive services. This treatment may be 100% covered and at no cost to the patient. Check your plan for details.

If you or a loved one smokes, we encourage you to consider quitting. It’s hardtop quit smoking, but you can do it. To have the best chance of quitting and staying a non-smoker, you need to know what you’re up against, what your options are, and where to go for help. You’ll find this information at American Cancer Society’s site here and also at smokefree.gov.

Quitting isn’t always a bad thing!

MBP by Media

Businessman Wearing a Hard-Hat Looking at a Hazard Sign

Munchausen by Proxy by Media by Seth Godin

MBP is a particularly tragic form of child abuse. Parents or caregivers induce illness in their kids to get more attention.

The thing is, the media does this to us all the time. ( Actually, we’ve been doing it to ourselves, by rewarding the media for making us panic. )

It started a century ago with the Spanish American War. Disasters sell newspapers. And a moment-by-moment crisis gooses cable ratings, and horrible surprises are reliable clickbait. The media rarely seeks out people or incidents that encourage us to be calm, rational or optimistic.

Continue reading