Posts Tagged “Investments”
What is a Fixed Annuity and Who Should Buy Fixed Annuities?
By Jorge Hiram Garcia, Your Insurance Advisor | April 23, 2012
What is a Fixed Annuity, and Who Should Buy Fixed Annuities? Fixed Annuities are unique in that they offer a wide range of benefits for those planning for retirement. Not only can fixed annuities be used to fund their retirement but to protect their retirement fund they have a retirement plan in place. Fixed annuities [...]
The New Risk You Need Protection From: Living Longer Than Expected
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
The number-one new risk consumers need to protect themselves against is longevity, or living longer than expected. To illustrate, if you take a husband and wife who are both 65, there is a 50/50 chance that one of them will live to age 92. There is a 25 percent chance that one of them will [...]
Annuities: How Does A Single Premium Immediate Annuity Work?
By Jorge Hiram Garcia, Your Insurance Advisor | June 3, 2010
When you buy an annuity, you pay a certain amount of money called an insurance premium. This premium can be paid all at once in the beginning (called a single premium annuity), or it can be paid in installments (a flexible premium annuity). When an insurance company receives the premium from you, the premium is gathered and collected, or pooled, with the premium paid by all of the other people that buy annuities from the insurance company.
Annuities: What is A Single Premium Immediate Annuity?
By Jorge Hiram Garcia, Your Insurance Advisor | May 24, 2010
A Single Premium Immediate Annuity (SPIA), out of all of the annuities that we have talked about, is the one that is most insurance-like of all annuities. As we discussed before an annuity protects you from running out of income, or money, before you die. When you buy a single premium immediate annuity you are protecting yourself by assuring yourself a source of income for the rest of your life.
Annuities: Flexible or Single Premium Annuity
By Jorge Hiram Garcia, Your Insurance Advisor | May 23, 2010
Annuities create income security for consumers by providing guaranteed income for life, or for a predetermined period of time. This period of time is set at the time of purchase in the annuity contract between the purchaser and the insurance company. The money used to fund the annuity purchase is called the premium. When the [...]
Consumers purchase annuities to protect themselves from running out of income during their lifetime. When selecting an annuity care should be taken to decide at what point in time that income is desired. There are two possible choices for consumers to make: Immediate or Deferred.
Variable Annuities: What is a Variable Annuity?
By Jorge Hiram Garcia, Your Insurance Advisor | May 21, 2010
A variable annuity is a type of annuity that resembles a mutual fund. A variable annuity provides a consumer with some of the safety that a regular annuity provides, but offers a rate of return that can vary dependent on what happens in the market.
Fixed Annuities: What is a Fixed Annuity?
By Jorge Hiram Garcia, Your Insurance Advisor | May 19, 2010
The fixed annuity is similar to a bank CD or Certificate of Deposit. The fixed annuity buyer is assured a guaranteed rate of return for a specific period of time, or term. In the majority of cases, the longer the term, the higher the rate of return.
What’s the difference between a successful investor and a failed investor? It’s not being able to always pick the winners to invest in, even though that comes in a close second. Having that ability would be nice, however, even that would not always guarantee success as an investor. No, success as an investor really depends [...]
The eight traits good investors share at Businessie.com
By Jorge Hiram Garcia, Your Insurance Advisor | April 30, 2010
Businessie.com, a blog about starting your own small business, published this article about the eight traits of a good investor. It’s got some good ideas, and is worth a read… The 8 Traits Good Investors Share Published at Businessie.com There are eight traits that most good investors share. These traits make it easy for them [...]
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