07.11.22 Innovations in Home Building / Life Insurance & Private-Equity

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 11 July 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The US construction industry has held on to archaic ways of building, failing to adapt better technology routinely used elsewhere in the world - until now. Clark discusses how prefabrication component building is better, faster & cheaper. Now is the time to reimagine how we build to improve durability and price points. Also, for the past decade, traditional life & annuity insurers have been selling off their policies to Wall St. The risk profiles are then held by private-equity. This creates new levels of uncertainty for consumers. If you get notification of this from your insurer, should you be worried? Clark has some new recommendations. Home Building Innovation: Segment 1 Ask Clark: Segment 2 Life Insurance & Private-Equity: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Frequently Asked Questions on Gift Taxes Google Fi Review: Things To Know Before You Sign Up The Best International Phone Plans Explore Google Earth. Google Maps’ new ‘Immersive View’ combines Street View with satellites Life Insurance Archives - Clark Howard Policyholder Information - NOLHGA.com Indexed Universal Life Insurance (IUL) - Investopedia - NOT recommended What Is an Annuity, and Why Does Clark Think They Stink? What to Do if You Find an Old Stock Certificate Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	It's my pleasure to welcome you to the Clark Howard Show.
0:08.2	Our mission is to serve you and empower you to make better financial decisions in your
0:14.0	life.
0:15.0	In this episode, I've been obsessed with prefabricated homes forever.
0:21.6	It's a great way to save money when building a home.
0:26.3	And it's actually happening more and more.
0:30.0	And also, I got some key information for you if you have life insurance.
0:36.1	So to call it an obsession, it's a strong word, but it is.
0:43.2	It drives me bonkers.
0:45.4	How inefficient our construction industry has been in the United States.
0:52.2	And we have failed to adapt to modern technologies that are used routinely elsewhere in the
1:00.7	world until now.
1:04.4	You know, sometimes really terrible circumstances lead to dramatic innovation.
1:11.8	And we're going to see a lot of that as a result of the enormous dislocations of the last
1:18.0	couple of years.
1:20.3	And one of them is in the construction industry that is stubbornly held on to archaic ways
1:29.4	of building things.
1:32.0	I really look at how more and more people in the hotel industry and apartment industry
1:38.4	in particular have been using modern construction methods where components of a hotel or an apartment
1:50.0	building are built in a factory, truck to site, lifted in by crane.
1:56.2	The quality of construction off the charts better.
2:00.6	The sound deadening qualities much better because who wants to be in a hotel or an apartment
	...

Please login to see the full transcript.

Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.