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Inflation is a subtle, but nasty, factor that eats away at the value of your money over time. There are certain annuities designed to counter this loss of value.

One of the givens of the economic reality is the fact that the purchasing power of money declines as time goes on. This is known as inflation which indicates that the value of the money has inflated. It does not buy as much as it used to buy. This fact concerns people interested in annuities. It is especially true in the case of a long term fixed annuity. This problem is common to all fixed incomes. You are getting the same amount of money, but it is buying less and less.

The problem is not as acute with a variable annuity. The chance to make some extra earnings on the invested money counters the effects of inflation to some degree. This is not a satisfactory result for most people. They rightfully realize that inflation is eating up their earnings in their annuity in the same manner it is cutting into their earnings elsewhere. Ther (more...)

What is the best homeowners insurance for you? The answer is probably not that obvious to you because most of us have not taken the time to understand our homeowner s insurance. We would much rather turn that responsibility over to the insurance professionals. There is nothing wrong with that approach but it still leaves you a little bit too uninvolved over a very important insurance purchase. People have a natural fear of the unknown. We like to steer clear of things that are unfamiliar to us. Our insurance is often one of those things that we would rather just avoid. That may come in part from the old days when insurance was purchased under pressure from the insurance agent. That method of sales has just about vanished in property and casualty insurance. People willingly contact agencies about policies and coverage. The agent is more like a consultant these days. The best homeowners insurance is usually purchased when we ourselves have a better understanding of our policy and how we want to be serviced. (more...)