I just received a question from one of my favourite clients.
In economic terms inflation is the general increase in the prices of goods and services in a particular country. It refers to an overall increase in the Consumer Price Index, (CPI,) which is a weighted average of prices for different goods.
When the markets are booming and everything is going up up up, everyone wants to jump onboard. Ride the wave. It’s more of a feeling of missing out. People don’t want to be the ones left behind as others, friends, or family make big windfalls and we make nothing.
It is a strategy. It stands for “Insured Retirement Plan.” Some people call it other things. For example, an IRS, (Insured Retirement Strategy.)
Life insurance doesn’t matter, until it matters. Then it matters a lot. Few people see the real need for life insurance. A friend of mine had a conversation with someone yesterday. The topic of life insurance came up. And this person said, “People are still buying life insurance?”
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