Blog

Understanding Indexed Universal Life Insurance Values

Jun 19, 2019Tomas McFie

It is common to see a table of past index performances in an Indexed Universal Life Insurance (IUL) illustration. These performances are always accurate but can be misleading if you don’t comprehend how past performances relate to creating value in an IUL policy. Historical data provides little to nothing in helping you project what the …

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CHEERS to this!

Jun 12, 2019Tomas McFie

In a recent study it was discovered that the average American will spend $120,000 on alcohol during their lifetime. That comes to $2,400 per year, or $6.57 each and every day, for 50 years.  This daily cost exceeds the average cost of a six pack. And that means a lot of alcohol is purchased by …

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When to Buy Your Next Life Insurance Policy

Jun 5, 2019Tomas McFie

Without a doubt, one of the most frequently asked questions asked of us is “When should I purchase my next Life Insurance Policy?” But another related question, which is just as frequently asked, is “Why do I need to own multiple policies instead of just one bigger one?” Here are the reasons behind the answers …

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Nearly 1 out of 2 Pay NO Federal Income Tax!

May 29, 2019Tomas McFie

You read it right, more than 44% of Americans pay ZERO federal income tax. That means that over 76 million people won’t pay any federal income taxes on their 2018 income which is more people not paying taxes than before the Trump tax cuts went into effect. According to the Brookings Institute and the Tax …

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Medicare, Social Security, Hospice and Life Insurance

May 22, 2019Tomas McFie

Recent audits show that Medicare will run out of funding by 2026. And Social Security will be depleted by 2035 and that includes the funds that pay for hospitalization, long term care and hospice. The latest data are based on the projections of an audit performed by the trustees of these funds who are appointed …

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Does Bargain Shopping Really Make Sense?

May 15, 2019Tomas McFie

The headlines blared: “Woman saves $7,800 a year on grocery items by couponing.” But what does that really mean? A South Carolina native recently was written up for her frugality, having cut her weekly grocery shopping bill from $200 per week down to only $50 per week, due to her couponing. Inspired by the TV …

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Happy Mother’s Day to All You Husbands and Fathers

May 8, 2019Tomas McFie

It’s been said that the best thing a father can do for his children is to love their mother. Mother’s Day is one day of the year that we have set aside to honor our mothers and the mothers of our children here in the United States. In 1868 Anna Jarvis organized “Mother’s Day Work …

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Fear, Greed and Commissions

May 1, 2019Tomas McFie

A big complaint against life insurance is the supposed “huge” commissions an agent earns when you purchase a whole life insurance policy.  It’s been said that when dealing with money there are only two motives that drive your decision, “Fear or Greed.”  Those who oppose life insurance attempt to paint all life insurance agents as …

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Can You Trust Historical Index Averages?

Apr 24, 2019Tomas McFie

The craze in insurance sales these days is Index Universal Life Insurance (IUL). And for good reason. The insurance companies that sell the stuff, reduce their risk by passing that risk on to you (Whereas they willingly assume this risk when they issue a Participating Whole Life Insurance Policy (PWLIP) to you). Insurance companies are …

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Debt, Sex and Investing

Apr 17, 2019Tomas McFie

Sex has become so casually spoken of, and engaged in by many, so that it is almost as familiar as swiping your credit card. And one of the reasons behind this trend is that sex doesn’t require any real commitment like marriage does. Acquiring debt doesn’t require any commitment either, not like solid money management …

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