It seems that nearly every day we’re hearing about a bank failure or bailout. After witnessing the near collapse of our financial system, including a massive bailout of AIG (the nation’s largest insurer), it’s refreshing to see an insurance company have its rating affirmed by A. M. Best. [Read more...]
Tennessee Bank Pressured By Federal Reserve
April 7, 2009 By Leave a Comment
Knoxville based BankEast Corp., which operates in Knox County, Sevier County, Blount County, and Jackson County as BankEast, has recently reached an agreement with the Federal Reserve Bank of Atlanta. [Read more...]
The Power of Tax Deferral
February 9, 2009 By Leave a Comment
With the economy the way that it is and a cloud of uncertainty hanging over the Social Security system, it’s more important than ever to think about retirement income. Increasingly, Americans are taking steps to ensure that their retirements are financially secure, even if Social Security fails. [Read more...]
The Equity-Indexed Annuity
September 28, 2008 By Leave a Comment
In the last Annuities post, The Single Premium Immediate Annuity, we learned how that type of annuity pays a stream of income after retirement. Now we’re going to take a look at the Equity-Indexed Annuity. [Read more...]
Replacing You AIG Coverage?
September 22, 2008 By 1 Comment
You might soon be contacted by an insurance agent looking for frightened AIG policyholders. This type of agent will have one thing in mind, making a sale. Get the facts before replacing your AIG coverage. [Read more...]
A.M. Best Downgrades AIG
September 15, 2008 By Leave a Comment
The insurance industry rating agency has downgraded the ratings of American International Group (AIG) from an A+ (Superior) to A (Excellent) rating following its near collapse. [Read more...]
The Single Premium Immediate Annuity
August 10, 2008 By 1 Comment
In the previous Annuities post, THE SINGLE PREMIUM DEFERRED ANNUITY (SPDA), we discussed how that type of annuity can be funded and we also looked at its tax-deferral basis. Now we’re going to take a look at the Single Premium Immediate Annuity (SPIA). [Read more...]
The Single Premium Deferred Annuity
July 27, 2008 By 3 Comments
In the previous Annuities post, THE FLEXIBLE PREMIUM DEFERRED ANNUITY (FPDA), we discussed how that type of annuity can be funded and we also looked at its tax-deferral basis. Now we’re going to take a look at the Single Premium Deferred Annuity (SPDA). [Read more...]
The Flexible Premium Deferred Annuity
July 15, 2008 By Leave a Comment
In the previous annuities post we discussed the two parts of an annuity: the Accumulation Phase and the Payout Phase. We also discussed the two categories of annuities: Qualified Annuities and Non-qualified Annuities. Now, we’re going to take a look at the first of the four types of annuities, the Flexible Premium Deferred Annuity (FPDA). [Read more...]