A contract that involves the insured paying a premium to an insurance company in exchange for protection against the risk of a large loss.

New China Life Pursuing IPO Despite Challenging Market

New China Life is seeking to raise $2.3 billion in an initial public offering that would list the company on exchanges in Shanghai and Hong Kong. New China Life is seeking the capital in market conditions that have been challenging for many of its peers. China Life Insurance Company and Ping An Insurance have both seen their stock prices decline over 30 percent this year. China Pacific Insurance Group has dropped more than 20 percent this year. A successful New China Life IPO would value the...
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Annuity Criticisms Often Boil-Down to Control of Assets


Why Indexed Financial Products are Appealing

I am currently researching and am likely to purchase an indexed universal life insurance product.  This first-hand research and learning process...

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Understanding Swiss Annuities

While it might be an unusual time to provide an explanation of Swiss annuities given what has been taking place of late with the Swiss franc and related decisions made by the Swiss National Bank, it still makes sense for any financial services consumer to understand potential benefits of these products.

Switzerland - Courtesy of Travellingtamas


Five Questions for Don McNay

Don MaNay is a financial columnist, a Huffington Post contributor and an expert in the field of structured settlements. 

Don’s financial guidance is refreshingly straightforward, filled with good common sense, and geared towards a Main Street audience.  His most recent book is titled Wealth Without Wall Street: A Main Street Guide to Making Money. 

We had an opportunity to speak to Don about his financial practice and his most recent book.