Who We Are
The BlueCollarDollar was designed as personal finance center where you will find the complicated world of investing and financial planning explained. We take a common sense approach to the money you earn, your investments (mutual funds, bonds, mortgages), retirement planning (IRAs, 401(k)s, etc.), insurance, mortgages, and debt. We want you to have a financially stable retirement, that is both comfortable and healthy.

Money Focus
Mutual Funds

Equity

Bonds
Insurance

Guide

Life

Health

Auto

Home
Mortgages

Buyer's Guide
Taxes

Guide with Calculators
Step by Step
Hot Topics
Contact the Editor

---

Featured Site

TradersDigest
AfterHourTrades.com, Inc.
Featured Columnist:

Tax Mama

The Blue Money Report

---

 

---

---

All content is © copyright (1998-2004)
BonPaulProductions (all rights reserved)

---

Special Report:Living Longer
There is growing concern among the insurance industry officials that their actuarial tables may be outdated. The tables established in 1983, when the chances of living to 100 were much smaller, force the industry to relinquish the cash value of your policy at 100 years old. This might not seem like much, but those built up values, usually in whole life policies, while tax free to beneficiaries are not if they are paid to individual policy holders.

The actuarial tables - which are guesstimates by the insurance industry of life expectancy as policyholders reach certain milestone ages - may be sadly out of date. In 1980, there was a 22.2% chance of death within a year of reaching the age of ninety for men, 19.1% for women. Now the industry is beginning to see the trend shift significantly in favor of the insured living well beyond that. Figures available for 2001 show that rate has dropped significantly with more and more people living well beyond the estimates.

Revised numbers, which the industry has proposed as good will gesture, show that if you reach 100 years old, men have only a 36% chance of death within a year while a quarter of the women centenarians who reach that age are expected to pass on.

Expect any changes in the 1983 federal law to show up in lower premiums as a result. Compared to 1950, a year that had less 3,000 centenarians, now has over 51,000 currently residing in the U.S.

All content is © copyright (1998-2004) BonPaulProductions (all rights reserved) The BlueCollarDollar (SM) © copyright 1998-2004 The Blue Money Report(SM) - © copyright (2002-2004) All Rights Reserved