Blog

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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The Bigger You Are, The Harder You Fall

Mar 6, 2019Tomas McFie

You wouldn’t work very long without some form of compensation.  But you might be stunned how many people permit their money to work for nearly nothing. Jeff and Jim are twin brothers.  Jeff believes he can consistently earn 8% in his portfolio and decides he’s going to put $2,600 each year into his investment. Jim …

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You Wouldn’t Make a Major Purchase Without a Guarantee, Would You?

Feb 20, 2019Tomas McFie

When you make a major purchase, you want to make sure the product you purchase is backed up by a good, solid guarantee.  In fact, you most likely would pay more to secure such a guarantee.  And that is because you simply can’t risk purchasing a lemon and having no recourse if something goes wrong.  …

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Why Your Attitude About Money Matters

Feb 13, 2019Tomas McFie

The late Billy Graham grasped the significance of taking an accurate stance about money when he stated, “If a person gets his attitude toward money straight, it will help straighten out almost every other area of his life.” Graham’s insight is significant because the “great philosophers” never grasped this simple truth. Platonic philosophy teaches us …

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How to Protect Your Money from Inflation

Feb 6, 2019Tomas McFie

Recently while traveling home from Phoenix we passed through Needles, California on Interstate 10 and noted that gas prices were $4.39 a gallon for regular unleaded.  Less than 5 minutes up the road, after we had returned to Arizona on highway 95, gas prices were $2.34 for a gallon of regular unleaded.  That is a …

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Is Your Life Expectancy Lower than Your Parents?

Jan 30, 2019Tomas McFie

Life expectancies have dropped over the last three years in the United States, unlike between 1980 and 2014 when most of the United States experienced a boost in life expectancy.  Today despite “medical advances” (and too often because of those advances) life expectancies are on the decline. Statistically, death due to medical intervention, according to …

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