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The Controversy Over Life Settlements

“Death takes no bribes.” – Benjamin Franklin On the surface, the concept of Life Settlements can be a bit shocking at first. Let’s face it, making money on someone else’s natural death sounds like an investment idea cooked up in a Cohen Brothers movie.

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Life Settlements: Why Investors Love Them to Death

“Insurance: An ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.” – Ambrose Bierce, American journalist Insurance is indeed a game of odds. You might never need

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Getting Slapped by the “Fat Tail”

LISTEN: Getting Slapped by the “Fat Tail” (10:21min) In theory, there is no difference between theory and practice. In practice, there is. Yogi Berra People aren’t rational. That’s the basic conclusion of all sorts of studies in behavioral finance, a discipline which tries to

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Financial Protocol: How To Compensate Family Caregivers

LISTEN: Financial Protocol (mp3audio) (9:22 min) Another socio-economic impact of increased longevity is the growing occurrence of children and/or other family members serving as care-givers for aging parents and relatives. The latest statistics from a 2010 report by the National Alliance for Caregiving (NAC)

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Whole Life Insurance: Complex, Ingenious

LISTEN: Whole Life Insurance: Complex, Ingenious (mp3audio) (11:47 min) What is whole life insurance? A simple answer, one you might find on a financial information website, might describe whole life insurance as a combination of life insurance and cash value. But once you get

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Taming the Invisible Gorilla

LISTEN: Taming the Invisible Gorilla (mp3audio) (17:21 min) Have you heard the one about the invisible gorilla? Two researchers created a short video of two groups of students passing a basketball to one another. The video lasted about 45 seconds and was completely unremarkable,

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