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26 Cards in this Set

  • Front
  • Back
Some brokerage firms have quietly stopped serving clients with portfolios of less than $100,000, while others have set the limit at $200,000 or even $250,000.
— February 27, 2006
Many financial professionals won’t take on customers with portfolios of less than $50,000.
— Money, March 2005
More and more agents prefer to focus on the affluent market than the middle market… The need in middle income markets, however, greatly exceeds the industry’s capacity to adequately serve these markets.
— The Wall Street Journal, February 17, 2005
Next year, $1 trillion worth of adjustable-rate mortgages — about 11% of all outstanding mortgage debt — is scheduled to readjust to a higher interest rate for the first time.
—, September 6, 2006
Seniors, many of whom are on fixed incomes, are carrying an average of over $4,000 in credit-card debt.
— Newsweek, September 11, 2006
$12,338 is the average credit-card debt among people who carry a balance.
— Kiplinger's, November 2006
In a worldwide survey, 22% of U.S. consumers said they have no money left after paying basic living expenses. (Portugal was the only country topping the US with 23%.)
— Kiplinger's, November 2006
Of the 7.7 million households who took out ARMs over the past two years to buy or refinance, up to 1 million could lose their homes through foreclosure over the next five years.
— USA Today, April 3, 2006
1.8 million people filed for bankruptcy in 2005, a new record.
— USA Today, March 23, 2006
US households overspent their incomes by $575 in January 2006.
— USA Today, March 2, 2006
28% of workers say they are one setback away from financial disaster.
— Money, March 2006
Bankruptcies are at a record level as people finance their lifestyles with debt.
— The New York Times, December 11, 2005
Debt in the United States has doubled in the past 10 years.
— USA Today, April 29, 2005
Almost one out of every five people make only the minimum monthly payment on their credit card.
— Business Week, April 25, 2005
55% of people ages 50-59 say they're very concerned about running out of savings in retirement.
— Kiplinger's, November 2006
Half of all families have total financial assets of less than $23,000.
— SmartMoney, October 2006
In a recent survey, 44% of workers said they determined how much they would need for retirement by simply guessing.
— Retirement Confidence Survey, 2006
54% of people in the workforce think they’ll still be working at 65 or older.
— USA Today, April 3, 2006
One third of workers did not save anything for retirement last year.
— USA Today, March 2, 2006
The median amount saved in a 401(k) plan by people ages 50 – 59 years old is just $53,400.
— USA Today, January 13, 2006
The personal savings rate in the US has fallen to a negative percent. That means people are spending more than they earn!
— The Atlanta Journal-Constitution, November 1, 2005
10.6 million people live on social security alone.
— USA Today, August 16, 2005
More than half of workers age 55 and older haven’t yet calculated how big a nest egg they’ll need to retire comfortably, and over a third aren’t saving any money toward that goal.
— Money, July 2005
The vast majority of financial advisors recommend term life insurance instead of whole life to clients.
— Investment News, September 11, 2006
Nearly 1/3 of Americans have no coverage at all.
— LIMRA International, September 2006
More than 1 in 4 men have no life insurance coverage, and almost two thirds of men aged 18-24 have no life insurance.
— LIMRA International, September 2006
Almost 75% of Americans agree that life insurance is the best way to protect against premature death of a primary wage earner.
— LIMRA International, September 2006
Term is more popular than whole because most clients have only a "temporary" need for coverage.
— Investment News, September 11, 2006
"Term life is the most affordable variety of life insurance. Its reasonable rates allow people to buy policies with larger face values than they could otherwise afford."
—, February 9, 2005
"You're usually better off buying term life and doing your own investing."
— Money, January 2005
"Your life insurance coverage should equal eight to 12 times your annual income. You'll need a higher amount if you have young children and are the sole breadwinner in your family."
— Kiplinger's, January 2005
"Financial planners generally recommend buying enough insurance to replace 7 to 10 times your annual salary."
— USA Today, October 10, 2006
"The cheap cost of term life insurance is further evidence that permanent life insurance, also called cash value insurance, is in most cases a supreme waste of money."
— Suze Orman,, July 3, 2006
"In almost every case, term insurance gives you the biggest death benefit for your premium."
— Money, November 2006
"The problem with many cash-value policies is that the premium and the fees are so much higher than they are for term insurance,"
—, November 14, 2006
"Buy life insurance equal to 5 to 10 times your annual salary."
— Money, November 2006
A study found that 44% of US households believe they need more life insurance.
— National Underwriter, April 25, 2005
The average annual cost for a private room in a nursing home rose to $70,912, or $194 a day.
— National Underwriter, March 27, 2006
Only about half of Americans over age 65 have a will.
— Smart Money, February 2006
The top financial priority for almost half of the boomers polled still was paying off a loan or credit card instead of aiming for retirement.
— National Underwriter Life & Health, July 24, 2006
19% of the boomer category thinks, "much of retirement is beyond my control."
— National Underwriter Life & Health, July 24, 2006
Employees can expect raises next year that are only slightly better than years past, and much of the gains will be eaten up by inflation.
— USA Today, August 21, 2006
3.7% is the projected annual raise for salaried workers in 2007, compared to 3.6% in 2006. (Inflation is expected to be 3%.)
— Kiplinger's, November 2006
86% of teens say that parents are their most helpful source of information about money. Meanwhile, 49% of parents say their money-management skills range from "okay" to "terrible."
— Kiplinger's, October 2006
One in 10 students at a private college owe more than $40,000.
— Money, September 2006
Recent college graduates are in jeopardy from credit-card debts that average $2,200 on top of student loans that average about $40,000.
— Newsweek, September 11, 2006
The average cost of a four-year private college jumped to $30,367 this school year.
—, October 24, 2006
The average college graduate owes $19,000. Many undergrads have debt exceeding $40,000.
— USA Today, February 22, 2006
Stocks have gained 10.3% a year since 1926.
— Newsweek, September 11, 2006
Mutual funds are owned by a mere 15% of the population.
— SmartMoney, October 2006
# of Competitors' Policies
Primerica* Replaced in 2006
# of Primerica Policies
the Competition Replaced in 2006