Posts Tagged “Personal Finance”
Common Estate Planning Mistakes to Avoid
By Jorge Hiram Garcia, Your Insurance Advisor | March 6, 2012
Common Estate Planning Mistakes to Avoid Estate planning can be a confusing topic for many Americans.It is not uncommon for most people to make mistakes with their plans. Sadly, many financial and insurance professionals fail to advise their clients properly in this area. Here are some common mistakes that even the professionals fail to spot, [...]
What can a fixed index annuity do to help me retire in peace?
By Jorge Hiram Garcia, Your Insurance Advisor | March 6, 2012
Fixed index Annuities can be great solutions for your retirement concerns With roughly 10,000 baby boomers retiring every day, many retirement-age individuals feel that the lack of a solid retirement plan continues to keep them up at night and cause them to work longer than they originally planned. Many people facing retirement, while coming from [...]
Falling Reputations Hurt Financial Services Giants Where It Counts
By Jorge Hiram Garcia, Your Insurance Advisor | February 25, 2012
Companies in the financial services industry have been getting increasingly negative perceptions lately. The abuses of some have cast the entire industry in doubt. Recently, Harris Interactive’s 13th annual reputation poll, which ranks the opinions of American consumers regarding the reputation of the 60 most visible companies in the United States, published its results. Four [...]
Congressional Update: House Repeals CLASS
By Jorge Hiram Garcia, Your Insurance Advisor | February 9, 2012
Recent news from Congress: House votes to repeal CLASS Act The House voted last week to repeal the Community Living Assistance Service and Supports (CLASS) Act, a part of the Affordable Care Act. Republicans have been working to repeal the health reform law since December, a few months after the U.S. Department of Health & [...]
Government Promoting Annuities…Finally
By Jorge Hiram Garcia, Your Insurance Advisor | February 9, 2012
Annuities are a great vehicle for retirement savings because they can help us make sure we have a guaranteed stream of income for a set period of time. We can even make sure we have a guaranteed income stream for life. The feds are now promoting annuities for these exact features to help retirees ensure [...]
Annuities: What is a Charitable Gift Annuity
By Jorge Hiram Garcia, Your Insurance Advisor | June 17, 2010
A Charitable Gift Annuity is a type of Single Premium Immediate Annuity. Charitable Gift Annuities can be a great way to for the average person to help or contribute a significant amount of money to their favorite charity or church. With a Charitable Gift Annuity, a person can transfer cash, or marketable securities to a [...]
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 [...]
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