Annuity Market Will Cool in 2023 as Interest Costs Soar: Expert Forecast
At the moment, interest rates are on the rise. As a result, debt is becoming more expensive. For example, the cost of getting a mortgage or a personal loan will be higher. On the flip side, annuities, which are low-risk financial products, can yield a higher profit. It is challenging to make big financial decisions due to constantly changing financial conditions. This makes long-term retirement planning complicated, especially for those with limited financial knowledge: [Read More].
Individual and Group Health Insurance
Nearly everybody is confused about their healthcare options - and rightly so. You can´t rely on politicians or media reports for a clear and unbiased explanation. You want the facts, not opinions. We´d be happy to evaluate your current coverage and present you with side-by side comparisons of alternatives.
Long-Term Care and Final Expense Insurance
Long-Term Care Insurance gives you the financial means and the support options you desire. Whether you require in-home visits, assisted living or skilled nursing care, Long-Term Care Insurance lifts the burden from those around you, improving the quality of life for yourself and for everyone you hold dear. Your family will always come first. You would not want them to bear huge and unexpected financial burdens at the time of your passing. No matter what your age, it´s absolutely essential to have a plan in place to protect your loved ones when you are no longer able. Final Expense insurance will pay for your funeral service, bills and other associated costs.
Can Your Crypto Ever Really Be Safe?
The past year was challenging for crypto investors, and 2023 isn’t shaping up to be much better. Confidence in the industry took a huge hit after the high-profile implosion of FTX, which was one of the world’s largest crypto exchanges. The collapse of the stablecoin Terra as well as bankruptcy filings by the crypto lenders Voyager and BlockFi and the crypto hedge fund Three Arrows Capital rattled investors and weighed on crypto prices.
High inflation and interest rate hikes also put pressure on cryptocurrency and mainstream financial assets like stocks and bonds, which nosedived last year. Bitcoin’s price started the year at around $47,000 per coin and is now near $17,000 per coin. [Read more]
A record $100 billion was paid out in life insurance benefits last year!
US life insurers paid out a record $100 billion in benefits in 2021, according to new data released Monday by the American Council of Life Insurers. That’s a nearly 11% jump from 2020, which represented the largest year-over-year increase (15.4%) since the 1918 influenza pandemic. “For the second year in a row, life insurance benefit payments increased by double-digit percentages,” said Andrew Melnyk, ACLI Vice President, Research & Chief Economist. [Read more]
