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Money Matters by Allworth Financial

2/6/2016 – Dangers of Variable Universal Life Insurance, investing at an advanced age, and paying for long-term care

Money Matters by Allworth Financial

Allworth Financial

Business, Investing, Business:investing

4.7839 Ratings

🗓️ 6 February 2016

⏱️ 48 minutes

🧾️ Download transcript

Summary

On this week’s Hanson McClain’s Money Matters: The episode begins with a question about the dangers of Variable Universal Life insurance as an investment option. Next, we take a call about investment options for an elderly person that just came into a large amount of money. Lastly, a question from someone asking about buying an annuity for their 90-year old mother as a way to pay for long-term care.   Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.    Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.

Transcript

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0:00.0

And now, nationally recognized financial experts, Scott Hansen and Pat McLean of Hansen-McLean advisors.

0:09.2

It's Money Matters.

0:10.7

Welcome to Hansen McClain's Money Matters.

0:12.8

I'm Scott Hansen.

0:13.7

Pat McLean, thanks for joining us.

0:15.2

That's right, both myself and my co-host.

0:16.9

We are both financial advisors, certified financial planner, chartered financial consultant.

0:21.2

That just means that we are practicing financial.

0:23.8

We meet with people like you.

0:25.3

Yeah, we spend our weekdays meeting with people like yourself and we come here on the weekends

0:30.0

to be your financial advisor on the air.

0:32.6

And we take your calls, answer your questions regarding things in the financial world.

0:36.6

We also talk about some things that might be happening in the current economic environment.

0:41.5

Global economy.

0:42.2

Things to pay attention to and things to ignore.

0:45.2

And what our objective is to help you make good decisions.

0:50.9

That's the objective.

0:52.4

You know, it's funny.

0:53.6

We've noticed for most people,

0:57.9

their objective is not to be as wealthy as possible. They think it is. They state that. They buy

1:02.6

lottery tickets. When the lottery's big, we hear about it, the news, make big news and all

1:05.8

sort of stuff. Did you see that story a few weeks ago? I'm getting uh i'm getting off topic but there was a i think

...

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