Blog

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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To Hell and Back Again

Apr 10, 2019Tomas McFie

Returning from Cuba, the former paradise of the Caribbean, I have to tell you, “Socialism doesn’t work!” It is hard to believe what 60 years of Socialism can do.   The once magnificent buildings, the state of the art harbors, the splendid roads and railways, the impressive electrical grid and power stations, and the sugar and …

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Why Interest Rates Matter

Apr 3, 2019Tomas McFie

Anybody can lend money, but typically lenders are banks, credit companies like Visa, MasterCard and American Express, or retail stores that offer an in-store credit card.  The rate of interest that is charged by these lenders can vary widely depending on the type of loan, the credit history of the person (business) applying for the …

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Direct or Non-Direct Recognition: What Difference Does it Make?

Mar 27, 2019Tomas McFie

If, as an insurance company, I want to reduce my risk associated with providing loans to policyholders who leverage their death benefit to take policy loans, I have two options.  I can, Force all policyholders to assume the risk associated with someone taking a policy loan against their policy, as in non-direct recognition companies. Or …

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Where’s The Guarantee?

Mar 20, 2019Tomas McFie

It’s been twenty-one years since Transamerica Life Insurance Company released and sold their very first Indexed Universal Life Insurance Policy (IUL).  Today there are over 40 insurance companies that have followed suit realizing, that by taking Transamerica’s lead, they can increase their profits (the insurance company’s profits) while assuming less risk.  And while this means …

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Where Does the Money Come From?

Mar 13, 2019Tomas McFie

Many wonder whose money you borrow when you leverage a Participating Whole Life Insurance Policy for a loan.  And the simple answer is, NOT YOURS. And that is one of the best reasons to use such policy loans to build equity. It’s been said that Warren Buffet’s father took him aside when he was around …

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