Latest Posts

Six Questions about Buying Mortgage Life Insurance

by Ray Sagner on Apr 5, 2018

You’ve worked hard and after five years of disciplined savings, you’ve been approved for a 20 year $200,000 mortgage. It’s an exciting time and amongst the financial decisions ahead of you is determining if you should buy the bank-sponsored mortgage life insurance policy recommended by the loan officer.

Bank mortgage life insurance is not required but you both agree that if either of you dies, you want the survivor to receive a life insurance benefit so he/she can pay off the mortgage. 

How Your Social Security Survivorship Benefit Affects Your Life Insurance Needs

by Ray Sagner on Mar 22, 2018

Generally speaking, conversations about life insurance revolve around whether you should buy term or permanent insurance. However, every decision to buy life insurance begins with deciding what is the right amount of life insurance. And, integral to determining the right amount of life insurance is understanding the role of your Social Security Survivorship Benefit (SSSB).

Do Spouses Need the Same Amount of Life Insurance?

by Ray Sagner on Mar 15, 2018

Pat and Kelly, new parents, made a couple monthly budget adjustments upon the arrival of their first child. First, due to the added cost of day care and dependent health insurance, they decreased the amount they were saving for a house. And second, they agreed to review their life insurance needs. Pat’s sister suggested they buy $500,000 life insurance policies like she and her husband did when their child was born.

Given the disparity in their incomes, Pat and Kelly were not convinced they each needed another $500,000 of life insurance.

Business Owners’ Personal and Family Security Risks

by Ray Sagner on Mar 1, 2018

Accumulating wealth turns out to be a double-edged sword for business owners. It certainly has its privileges, but it also comes with additional risk exposures. In a 2011 Zogby survey, 92 percent of people with a high new worth indicated concerns over the possibility of home invasions, muggings, kidnapping, and even random street crimes. Not mentioned widely was the ever increasing risk of cyber crime, which can do serious financial, reputation and identity damage.

Annuities and Retirement Planning

by Ray Sagner on Feb 22, 2018

The growing demand for more predictability and security planning for retirement income has led an increasing number of retirees and pre-retirees to look to annuities as way to provide more stability in their investment portfolios. They are also looking to annuities as a way to replace the third leg of the retirement income stool as a guaranteed lifetime income. Retirement planning occurs in different phases and at different stages of peoples’ lives. Depending on what stage of life a person is in, there are different kinds of annuities that can be best suited for various situations.

How to Choose a Life Insurance Agent

by Ray Sagner on Feb 15, 2018

Buying life insurance usually starts with trying to determine how much and what type you should buy. You will probably need some help making those decisions, so following is some insight on how to choose an agent who can help you make a smart life insurance buying decision.

All life insurance agents are required to be licensed by the state where they intend to make sales and to take continuing education courses. Agents selling variable life or variable universal life insurance must also have a Series 6 and a Series 63 license due to the investment nature of those products.

Will Retirement Investors Tolerate the Next Big Downturn? The Case for Fixed Indexed Annuities

by Ray Sagner on Feb 8, 2018

No one can predict with any degree of certainty when the next market correction or bear market will occur, or how long it will last. What we do know is that, at eight years and counting, the current bull market has lasted twice as long as the average bull market. It’s safe to assume that investors, who are experienced in the ways of market cycles, have taken measures to prepare their portfolios for the likelihood of a market decline and renewed volatility.

Financial Planning for Newlyweds

by Ray Sagner on Feb 1, 2018

Congratulations Newlyweds! Your fresh union symbolizes a new beginning facing the world. But before the glow of wedded bliss wears, it’s crucial to talk about finances. Let’s be straight, financial talks should be had well before the ring, but did you know that “68 percent of engaged couples surveyed held a negative attitude about discussing money with their fiancé.1

That’s a staggering percentage of couples who are afraid to have ‘the talk’. Below are a few tips and areas to consider if you’re in a serious relationship, newly engaged or if you’ve tied the knot!