Sleep Insurance

Sleep Insurance

I’ve noticed as I’ve aged that getting a good nights sleep is not always easy. Now just imagine if I was worried about my retirement funds how I would be tossing and turning!

Through the last 9 years we have had two cycles where the stock market dropped as much as 50%. Some people had accounts drop even more and of course if you had your money in Enron at the beginning of the decade or with Bernie Madoff or any number of others you were completely wiped out.

During all of this turmoil Insurance companies stood as a bedrock of stability. Before you ask about AIG I will point out that not one person has lost money on an annuity or life insurance policy with AIG. The AIG insurance companies were and still meet all insurance capitalization requirements.

Insurance companies offer a variety of annuities as a safe haven for your money. While each type and there are several, has its own particular strengths they share common traits. (with the exception of Variable Annuities)

Those traits include:

: Avoidance of probate

: Tax Deferred Growth, you decide when you want to pay taxes.

: 0 Market risk,

: The safety of your principal and interest.

: Penalty free withdrawals.

Some annuities also offer Emergency access to your funds if Nursing home care is needed or terminal illness is diagnosed.

Performance that can out perform other investments. A recent study by David Babbel, A Wharton Professor showed Fixed Index Annuities outperformed the S & P index, Vanguard’s S&P 500 and Fund McCann’s 50/50 Portfolio for the 14 years ending January of 2009.

This is why I recommend Fixed Index Annuities for “Sleep Insurance”.