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life insurance: THE POOR LOGIC THAT HAUNTS INVESTMENTS IN ANNUITIES. - 01/23/12 11:50 PM
One of the most asinine bits of false logic that stock brokers and many investment advisers have told clients for years is that the sales commissions on all life insurance annuities are outrageous.
That’s the primary reason given to convince investors to pick stocks, bonds, mutual funds and the like rather than annuities.
But the problem with that logic is an obvious one.
Most people who purchase life insurance annuities do so to guarantee their capital for the life of the policy, guarantee the rate of return, and guarantee that they will not outlive the corpus and income stream of … (4 comments)
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life insurance: Should You Stop Making Contributions to Your 401-K -- Put Money in Rental Property Instead? - 01/05/11 06:29 AM
One of the financial concepts that young people find so hard to understand is the importance of safe money.
The Olden Days.
When I was in my early 20s, one of the important concepts of life insurance -- those plans that are in general called "permanent insurance" -- was being forced out of vogue by financial gurus and college business school professors.
They were pushing, "Buy term insurance because it's cheaper than whole life policies, and invest the difference into equities like mutual funds."
There were two problems: First, hardly anyone had the stamina to routinely invest the difference month after … (6 comments)
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life insurance: SHOULD A "SUIT" OR A SALESMAN RUN THE COMPANY? - 12/03/10 12:24 AM
One of the most haunting business questions is why those who have successfully sold the company's products are rarely picked to run the company.
According to the "Los Angeles Times," Ian Weissberger bought a $250,000 life insurance policy from an agent of Houston based American General Life Insurance Co. He wanted to make sure that the hopes and dreams he wanted for his wife could still be hers should he die early.
After all, that's how life insurance is sold, and that's what the policyholder depends on the company to assure.
Nevertheless, months after he bought the policy, Mr. Weissberger contracted … (5 comments)
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life insurance: It's Time for You to Offfer Your Clients an Important Reminder -- Your Public Service to Them - 10/08/10 07:48 AM
About this time every year, I send a reminder to clients of the present and the past and to my personal friends as well, that they need to make certain that the documents that will govern the disposition of their estates are still in proper order and current with their wishes.
I suggest that you consider adopting this public service to be one that you do as well.
One of those reviews that is often overlooked, for an example, is who a client has listed on each of his life insurance policies, retirement plan trusts, Social Security account, and the like, … (5 comments)
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life insurance: DADDY'S 7 RULES FOR SECURING YOUR FINANCIAL FUTURE - PART 5 - 01/02/10 07:53 AM
In the Preface of this 7-part series of blogs, I explained that my daddy was always a salaried employee, yet by following seven rules he went from being recently out of college to a millionaire-plus twenty-five years later. My mom never worked, and they fully-funded the education of their two sons. He passed away in 1980.
I suggested that with the 2010 New Year ready to begin, this would be the perfect time for each of us to initiate Daddy's 7 Rules for Securing Your Financial Future.
Here, stated again, are the rules:
Save at least 10% of your gross income Know … (4 comments)
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BILL CHERRY
Dallas,
TX
More about me…
BILL CHERRY, Real Estate Broker
Address: Dallas, Tx
Office Phone: (214) 503-8563
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This is a place where the ins and outs of real estate and home ownership are discussed.
All in the light of my 46 Years as a licensed Texas Real Estate Broker.
I've represented several thousand clients. That experience can be yours, too, and it doesn't cost a dime more.
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