An annuity is an investment product issued by insurance companies that are often used to fund retirement. They generally require the investor to make a lump sum payment and then receive a stream of even payments over a fixed period of time.
Universal Life insurance is a type of permanent, cash value life insurance that offers more flexibility at more cost compared to Term or Whole life insurance. It covers you for life and incorporates a potentially high-earning investment account.
Whole life insurance is a type of permanent life insurance that is guaranteed to remain in force for the insured’s entire life, as long as the premium remains paid. Like other types of life insurance, whole life insurance pays out a death benefit payment to your beneficiary if you should die.
Life insurance is a contract between an insurance company and a policy owner, also called the insured. A primary purpose of life insurance is to provide a financial benefit to your dependents if you happen to die.
Common terms used to describe the positive appreciating, or negative depreciating market conditions of financial markets are Bull Market or Bear Market. These can impact the performance of an investor's portfolio and their investing decisions.
If you’re reading this, you might be a millennial – which means you aren’t the kid everyone talks about online anymore. The youngest millennial will be 25 this year, with the oldest turning 50 by 2030!
A Management Expense Ratio or MER represents the costs associated with owning an investment fund like a mutual fund, that are deducted annually from the fund.
A Mutual Fund is a type of financial vehicle consisting of a pool of money collected from many investors to invest in a group of securities. Mutual funds are managed by a professional fund manager who allocates the fund’s assets in order to produce a return for investors according to stated objectives.
An Exchange Traded Fund (ETF) is an investment that holds a number of similar assets in the same vehicle. In many respects, they are similar to mutual funds; however, ETFs tend to be passively managed, leading to lower management fees and higher returns for investors.
