Is the life insurance market going to drastically drop due to the possible recession?

[Reuben]

Re: Is the life insurance market going to drastically drop due to the possible recess

It'll be hard to beat Grant.

O I don't know....Anybody remember Warren G Harding?

 

[bill3173]

Re: Is the life insurance market going to drastically drop due to the possible recess

Do I see a Confederate flag unfurling in the background?

Not at all. The war was not necessary. As a student of history, I've had more opportunity than most to study the ex presidents. If many of the things that Lincoln said and wrote and his extreme racial predjudice exposed to the people that felt he was wonderful, I doubt that feeling would continue.

 

[Billy Ray]

Re: Is the life insurance market going to drastically drop due to the possible recess

So..........
Isn't this environment good for annuities and life insurance????
Doesn't everyone think that the current shakeout in equities will have a lasting impact on the psychology of the average investor; even those who still have a 20 or 30 year investing time horizon and were previously willing to take on extra risk.
Won't these investors want more of their money in whole life and annuities moving forward?

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

Won't these investors want more of their money in whole life and annuities moving forward?

I think they'll want it in cash.

 

[Guest]

Re: Is the life insurance market going to drastically drop due to the possible recess

Anyone who was head of the federal reserve can never be considered reputable.

Create your own economy.

I haven't personally felt or been effected by a "recession", however, yes the news of a recession in the media and from quotes from reputable people such as Greenspan and the like have given me and many people the notion that we are in or are approaching a recession. It may be media made "doom and gloom", but people are reacting to it and I was curious if that fear was keeping people from buying.

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

Create your own economy.

"There's never been a time of greater opportunity." - Seth Grodin

 

[Billy Ray]

Re: Is the life insurance market going to drastically drop due to the possible recess

Why is cash better than whole life or an annuity?
Thanks

 

[moonlightandmargaritas]

Re: Is the life insurance market going to drastically drop due to the possible recess

Why is cash better than whole life or an annuity?

It isn't necessarily, but in this unprecedented financial environment, safety is going to paramount for quite a long while.

With the AIG (and others to come) mess, people are going to remain nervous - even about seemingly "safe" insurance companies backed by state guaranty funds.

Whether it's true or not, nothing feels as safe as cash.

The key won't be return on investment, it'll be return of investment...

 

[SportsNut]

Re: Is the life insurance market going to drastically drop due to the possible recess

Why is cash better than whole life or an annuity?
Thanks

Isn't that a question that Yogi Berra should answer...?

[Cash, which is just as good as money] Quack...

 

[fastrack1]

Re: Is the life insurance market going to drastically drop due to the possible recess

Better advice has NEVER appeared on this forum.

I don't know about that. Al has given some really good tidbits in the past