The biggest threat to your clients’ financial security may be closer than they think. The Internet and widespread adoption of social media create conditions ripe for affinity fraud, which uses a potential investor’s faith, ethnic background, country of origin and even fondness for football as a lure. The fraudsters are either members of the target group or pretend they are. In almost all cases, the investment is fake or, at the very least, the promoter lies about vital details, … [Read more...]

A funny thing happened on the way to the 21st Century. A large potential client base doesn’t lose as much sleep wondering what will happen if they die too young. What keeps them up at night now is worry that they’ll live too long - and outlast their assets. As average life spans get longer and pensions - not to mention Social Security retirement benefits - get less certain, fear of outliving a retirement nest egg hatches into more than a headache. Interest Grows in Longevity … [Read more...]

Most U.S. adults greatly overestimate the annual cost of a $250,000, 20-year term life insurance policy, believing coverage costs at least two to three times what it really does. The Average Annual Cost Of Coffee At the same time, people routinely spend more each year on lattes and out-of-office lunch runs than what a standard term policy would cost. For example, the average U.S. adult spends at least $1,100 on coffee drinks outside the home - nearly 3 times more than the annual cost of a … [Read more...]