Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. United Technologies advanced nearly 2%.US Marketsread more
The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a month-long truce.Marketsread more
Lawmakers, industry representatives and advocates are testifying to the Senate committee about the challenges that cannabis companies face in states where medical or...Health and Scienceread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
It may be time to give your life insurance coverage a checkup.
Mistakes that financial advisors see clients make with life insurance was a common theme at the FPA Be conference in Baltimore this week.
"Insurance planning really shouldn't get started until there's been some financial planning," certified financial planner John Ryan told attendees at a Thursday seminar on insurance mistakes.
Here are three missteps that can be easily avoided or fixed:
Among parents with young kids, 37 percent don't have life insurance, according to a 2015 Bankrate report. Of those who do have insurance, half have less than $100,000 in coverage.
Not having enough insurance is a common misstep, said Ryan, who is an independent insurance broker and the founder of Ryan Insurance Strategy Consultants in Greenwood Village, Colorado. But it's an easy one to fix, and can be inexpensive thanks to low term policy rates.
Conduct a thorough analysis of your life insurance needs to make sure you have enough to cover funeral expenses and replace your income for the family, as well as cover debts like the mortgage.
"With the [term] rates today, there's really no reason not to round up," he said.
It's smart for consumers to request a copy of their medical record from their primary care physician before applying for life insurance, certified financial planner Carolyn McClanahan told attendees during a Thursday session on health planning. McClanahan, a physician, is also the director of financial planning for Life Planning Partners in Jacksonville, Florida.
Insurers will get those records, too, and use your medical history to gauge risk and determine rates, she said. There may be potentially costly mistakes in the record that should be fixed. (McClanahan said she recently found such an error on her records, ahead of applying for a new policy.)
Having someone else (say, a spouse) own the life insurance policy on you can be smart estate planning. Because you don't own the policy, it won't be included in your estate when you die.
But so-called "three-corner life insurance" where the owner, insured and beneficiary are all different (say, one spouse owns the policy on the other and names the kids as beneficiaries) should be avoided, attorney Lawrence Brody told attendees during a Thursday session on insurance planning mistakes. Brody is a partner at Bryan Cave in St. Louis, Mo., specializing in estate planning.
That three-corner configuration has the effect of turning the policy proceeds into a gift from the policy owner to the beneficiary, he said. Any amount over the annual $14,000 annual gift tax exclusion would be considered a taxable gift to the owner, reducing his or her annual lifetime exclusion.