Financial Needs Anaysis (FNA) is defined as a process to identify individual financial needs in order to strategise an investment plan that meet such needs and financial goals. The process of identifying financial needs does not stop with implementation. Our financial needs may change over time. It affects our initial investment plan, as they may no longer be adequate.
There are currently over 90 insurance agent designations that can be obtained, but which ones are important? For example, you have heard of the insurance designation CLU, but do you recognize insurance designations such as AEP or CSFSA? Here we cover some of the best known and newer insurance agent designations focusing on Life Insurance, Annuities, Retirement Planning, Health & Group, and the LTC (long term care) insurance areas.
Most investors and consumers of financial planning services don't fully comprehend the various channels Wall Street has created to serve their financial needs. There are conflicts of interest and dependency issues that your financial advisor may succumb to in order to maintain their employment. There is however one pure form of financial advisory practice that is completely autonomous and able to provide independent investment and financial planning advice - the Registered Investment Advisor (RIA) model.
Selling life insurance can be a rewarding and lucrative business, and a lot of people do seek out careers in life insurance in the hopes of "making it big". There are several attractions to a career in life insurance as an agent. For one thing, if you last it means you're making money for the company (or companies) you are licensed to, and they reward production; this means in time you'll be sitting on a big pile of money.
Having a temporary term insurance policy to protect your loved ones is regarded as a sound financial planning tool. There are numerous benefits of having a temporary term life insurance policy, including: 1. protect your loved ones from income loss and financial catastrophe. If you have young children, a spouse or even elderly parents that depend on your income. In the event of death your term life insurance policy will be the replacement of that lost income so that your loved ones do not endure financial crisis. 2. Term Insurance can be an inheritance to your heirs even if you currently have no assets.