Indexed Annuity Insights
IALC Q3 2016 Newsletter
IALC Q3 2016 Newsletter Americans’ Top Retirement Fears This month, IALC released new data that explored Americans’ Top Retirement Fears and found Americans may not be as prepared for retirement as they need to be in today’s volatile market. More than 50 percent of Americans are afraid of outliving their income or their inability to pay for basic necessities
Everything You Need To Know About FIAs
Everything You Need To Know About FIAs Different retirement products and savings strategies seem to be everywhere we look these days, but there’s one retirement product that is making headlines. In 2015, Fixed Index Annuities (FIAs) saw record-breaking sales, an increase of 13% just since 2014, according to the LIMRA Secure Retirement Institute’s fourth-quarter U.S. Individual Annuities Sales survey. But
The Surprising Financial Lives of Millennials
The Surprising Financial Lives of Millennials Each year Life Happens, in concert with LIMRA, take the pulse of Americans’ attitudes toward their finances and insurance in our Insurance Barometer Study. This year we took a closer look at Millennials and found that their concerns (and interest in solutions) about long-term care very interesting, even though for most it’s a long,
Don’t Wait for Higher Interest Rates to Buy an Immediate Annuity
Don’t Wait for Higher Interest Rates to Buy an Immediate Annuity Interest rates are historically low right now. There are a lot of consumers who think they should hold off on buying an immediate annuity until interest rates go up. In an article for CNN Money, Walter Updegrave answered the question should you “Buy an annuity now or wait for
Brexit and Your Financial Future: Top 5 Articles to Read
Brexit and Your Financial Future: Top 5 Articles to Read The world continues to watch closely as the consequences of Brexit—Britain’s recent decision to separate from the European Union—unfolds. Financial markets in the United Kingdom (U.K.) are beginning to feel the impact of the decision, and many experts believe the country’s economy could experience a recession. While it’s tempting to
Panic Grows About Living Too Long, Without Enough Money to Actually Live
Panic Grows About Living Too Long, Without Enough Money to Actually Live Imagine fearing life more than death. That’s a reality many Americans face as nearly 50 percent of Americans are afraid of outliving their income or their inability to pay for basic necessities like healthcare, according to a new survey released by the IALC. However, Americans are not taking
Debunking 12 Myths About Fixed Indexed Annuities
Debunking 12 Myths About Fixed Indexed Annuities To mark Annuity Awareness Month this June, the Indexed Annuity Leadership Council is debunking the top 12 myths about FIAs. 1. Myth: FIA policyholders assume risk Fact: With FIAs, your principal can never decline in value due to index volatility 2. Myth: People buy FIAs for higher returns Fact: People buy FIAs for
4 Ways to Get Financially Fit in Your 40s
4 Ways to Get Financially Fit in Your 40s Many people in their 40s are facing an uncomfortable fact: They simply aren’t where they’d hoped to be financially. Fortunately, all their life experience can help correct for past mistakes. “There’s a different trigger moment for everybody,” says Jay Howard, financial advisor and partner at MHD Financial in San Antonio, Texas.
Summer Vacations and Retirement: Budgeting for Both
Summer Vacations and Retirement: Budgeting for Both With Americans living longer than ever, planning for retirement should be a top priority. Yet according to a recent study from Charles Schwab, Americans are spending more time planning for summer vacations than for retirement. While a vacation may last a week or two, retirement may last upwards of 30 years. Neglecting to
5 Ways Critical Illness Insurance Can Be a Financial Life Saver
5 Ways Critical Illness Insurance Can Be a Financial Life Saver It was a world-famous heart surgeon, Dr. Marius Barnard, who created critical illness insurance, as he saw how the financial stress that accompanied cancer, heart attack and stroke was killing his patients. This type of insurance typically gives you a lump-sum cash payment if you are diagnosed with one