From an estate planning perspective, knowing the peculiarities of the state in which your estate will be administered is of utmost importance. In the United States, the following formats are used by various states to determine executor compensation: uniform probate code, graduated fee schedules, flat percentages, and hourly rates.
Blue water sailing refers to open-sea sailing, such as ocean crossings, where one is unable to put in at a sheltered harbor to avoid heavy weather. When storms bear down, a sailboat and its crew must be able to ride out the event, sometimes trimming all sails and simply absorbing the punishment of violent winds and heaving seas until the storm passes. In order to reach your financial objectives, you may have to survive some storms along the way. With an insurance policy designed for blue water, your projected cash value accumulation may not finish first, but you can complete the voyage.
Optimism is a healthy, even necessary, character trait; negative people rarely achieve their dreams. But believing that someone really does have an economic crystal ball – and that they are willing to share it with you – isn’t optimism. It’s delusion. If you want to be optimistic about your long-term financial prospects, base it on a foundation of financial insurance. How strong is your "financial insurance" program?
The moment a new law is enacted, someone is wondering if there is a way to take advantage of it. This dynamic is frequently seen in financial regulation. Lawmakers use taxes and incentives to generate revenues and influence group behaviors, but since there is rarely full knowledge beforehand as to how the populace will respond, every new regulation comes with the prospect of unknown consequences – and sometimes, opportunities.
For a variety of reasons, from financial globalization to central bank interventions in national economies, it’s become harder to find truly uncorrelated assets, ones whose performance is minimally impacted by external events. This realization has coincided with recognition of the unique asset class features in life insurance. While it cannot tout the opportunity for high returns, within the context of Modern Portfolio Theory, life insurance can be a foundational uncorrelated asset that reduces risk and enhances financial health.