Blog

Insurance or Insult?

Dec 27, 2017Tomas McFie

Today I spoke with a clinical scientist who wanted a second opinion concerning an Indexed Universal Life (IUL) insurance policy that had been suggested for him as something that would perform better than if he contributed to his employer’s 401k plan.  And with his expressed permission, here is his estimation of the IUL, “This is …

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Is A Bigger Life Insurance Policy Better?

Dec 20, 2017Tomas McFie

Recently an opportunity to review a participating whole life insurance policy which had been in force for 11- years came across our desk for a complimentary review.  The policy had been underwritten by a respected company that is known for good policies that can develop high guaranteed cash values as well as great dividends.  But …

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Ironically, You’d Think They Would Know Better

Dec 13, 2017Tomas McFie

Advocating the ability to leverage your life insurance policy for needed cash flow or investment capital has become a common approach for the life insurance industry to promote and sell higher premium life insurance products.  Whether those products be some form of universal life or high cash value whole life, the novelty that you can …

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The Sordid Tale of Two Sisters

Dec 6, 2017Tomas McFie

There are some really sordid tales about how Indexed Universal Life Insurance (IUL) is compared to Participating Whole Life Insurance (PWLI) as being almost her identical sister, merely because they can develop such high cash values and both have certain guarantees. But the poignant chronicles of those who have owned, and survived owning, an IUL …

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Five Dangers Associated with Using Cash Value Life Insurance

Nov 28, 2017Tomas McFie

Nearly 12 years ago, when first looking into participating whole life insurance as a financial asset and tool to manage my own investments, it was difficult to find any information on what participating whole life insurance was. It was even more difficult to locate any life insurance companies that still sold participating whole life insurance …

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Affordable Health Care?

Nov 22, 2017Tomas McFie

“The average worker in America is now shelling out $5,714 for a family health-insurance plan, 30% of the total $18,764 cost.”[i]  Five years ago, workers shouldered (merely) $4,316 of the $15,745, or 27%.[ii]  “Health care coverage has increased faster than wages and inflation.”[iii]  And while congress and the president grapple with easing the pain of …

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Avoiding Risk

Nov 14, 2017Jesse McFie

We live in Henderson, NV which is located just outside of Las Vegas and is ranked #1 on the 2017 list of safest cities to raise a family, partly because of it’s routinely low crime rates. A couple weekends ago a few of us were out riding ATVs in BLM land behind our home. The …

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Your Money: 3 Steps That Ensure You Will Keep More of It

Nov 8, 2017Tomas McFie

Today, sundry and various individuals and groups are advocating that “the common good supersedes the private good.”  And yet, those who promote this ideology through the exercise of their 1st amendment rights, would be sorely displaced if they were stripped of their free right to speech and expression simply to accommodate the common good which …

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An Automatic Millionaire?

Nov 1, 2017Tomas McFie

Editor Walter Updegrave’s article, entitled Recoup Your Bear Losses?, appeared in CNNMoney.com July 8, 2009. In it he stated that all we needed to do was “keep investing in stocks,” earn “a real rate of 12.8% a year until 2017,” and we’d be right back where we were before the Great Recession cleaned out nearly …

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The Worst of the Worst

Oct 25, 2017Tomas McFie

Why the focus on the worst of the worst in today’s blog? Namely because some US states are friendlier to you, economically, than others. According to TheFinancialWord.com, New York tops the list as being the least economically friendly.  With a cost of living that is over 120% of the national average and health care costs …

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