Many people are familiar with the concept of riders and how a rider pertains to homeowner’s insurance. For example, if a homeowner possesses valuable art investments, the homeowner may elect to purchase an insurance rider in order to gain extra coverage beyond a standard policy, just to protect their art investment. An annuity rider is similar, in that it can be purchased by the annuity holder and then be attached to an annuity.
We haven’t seen anything in the past like what is on the verge of happening with the annuity industry. The time will come when annuities will provide the very basis of most financial plans. Why? The answer is simple, safety, security and freedom from risk.
The future is now! Income riders are flexible, adjustable and customizable. Do you remember as a child attending the local county fair and having your future read by “Madam” Zowee? I remember those days well, the first time I was about 8, and I was told I would grow up to play baseball for the New [...]
Income for life is in reach As I speak to so many callers to my Safe Money and Income Radio Show, I find that I spend a lot of my time undoing a lot of the misconceptions and even outright misrepresentations that a lot of them have about annuities and income riders. These problems [...]
A terrific article in the Wall Street Journal based on research by economist Barry Bosworth at the Brookings Institution crunched the numbers and found that the richer you are, the longer you’ll live. And it’s a gap that is widening, particularly among women. Other than likelihood of access to better health care, what is it the rich have that poorer folks don’t have? Money in and of itself may not be the answer; the answer is less worry and having less stress. If you have enough money every month to live as you wish then you have less stress.