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.

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See the Doctor

Medical Exam

A man hasn’t been feeling well for a while, so he goes to his doctor for a complete checkup. Later, the doctor comes out with the results.

“I’m afraid I have some very bad news,” the doctor says. “You’re dying, and you don’t have much time left.”

“Oh, that’s terrible!” says the man. “Give it to me straight, Doc. How long have I got?”

“Ten,” the doctor says sadly.

“Ten?” the man asks. “Ten what? Months? Weeks? What?!”


My thought about this:  How long do you have?


Thomas Edison

Question: Who introduced the word “hello” as the proper way to answer a telephone call?

Answer: The use of the word “hello” as a telephone greeting has been credited to Thomas Edison. Alexander Graham Bell, who invented the telephone in 1885, never liked ‘hello’ and advocated the use of ‘ahoy’ as a telephonic greeting.

“Hello” quickly became the standard as the first telephone exchanges, equipped by Edison, were set up across the United States and operating manuals adopted the word. By 1889, central telephone exchange operators were known as ‘hello-girls’ due to the association between the greeting and the telephone.

My thought on this:  Howdy.

The Law of Large Numbers

Law of Large Numbers

The Law of Large Numbers has guided the insurance industry for centuries without anyone knowing what to call it. 

In the 19th century, French mathematician Simeon Denis Poisson formalized what early underwriters were doing with this:  If you increase the number of observances, the more closely the actual results obtained will approach the probable results expected with an infinite number of observations.  He called this “the law of large numbers.”

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