Category: Life Insurance

The Wheeler Group Participates in First-ever Personal Finance Expo in Honolulu


Over this past weekend, we at The Wheeler Group LLC participated in the first-ever Personal Finance Expo here in Honolulu. The nonprofit Hawaii Council on Economic Education and the Hawaii Event Group hosted this well-received event. The two-day expo took place on Aug. 15 and 16 at the Neal S. Blaisdell Center and featured more than 30 seminars and a variety of exhibitions from both private companies and the government. The goal of the expo was to educate people of all ages about topics such as debt management, investments, retirement plans, employment and entrepreneurship and even the basics of starting a new business.

titleIn my estimation, Kristine Castagnaro, and her team at The Hawai`i Council on Economic Education exceeded event expectations and did a wonderful job for bringing together participants and exhibitors as resource providers. We were fortunate to meet numerous people interested in learning more about our programs designed to help them with retirement accumulation–saving tax-deferred, as well as distribution planning through tax-advantaged programs. As we shared with visitors to our booth, we believe that annuities and insurance are the essential foundational elements of a diversified portfolio, and we believe in safety through guarantees and asset allocation.

What’s Worse? Paying Too Much or Too Little?

images As English author and art critic, John Ruskin, said so eloquently,

“It’s unwise to pay too much, but it’s worse to pay too little…”

Ruskin went on to say, “When you pay too much, you lose a little money, that’s all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do.

The common law of business balance prohibits paying a little and getting a lot—it can’t be done.” (Or as I recall my father stating, on more than one occasion, and as a matter of fact, “You get what you pay for in this world…” Simple, sage advice–the absolute very best kind!) Ruskin continued and summarized, “If you deal with the lowest bidder, it is well to add something for the risk you run and if you do that you will have enough to pay for something better.”

And finally, along that same line of thought, Ruskin was quoted as saying, “It is not how much one makes but to what purpose one spends.”

Before Retiring, Consider Ric Edelman’s Top 10 List

PBS_RYR_Ric_and_LynLast night on PBS Hawaii, I watched as Ric Edelman, a #1 New York Times best-selling author, shared key points on what we all need to know right now to, as he puts it, “RESCUE YOUR RETIREMENT”. Edelman points out that, “if you’re like millions of other Americans, you could be making costly mistakes with your investment and retirement accounts that interfere with your efforts to provide yourself and your family with financial security.” This television special, exclusive to PBS, highlighted some of the big mistakes investors make, and explores fascinating insight into the science of financial decision making.

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How Does Your Bank Rate?


Of the military-specific organizations that we represent at The Wheeler Group LLC, Trans World Assurance (TWA) was founded by Charles P. Woodbury, a decorated WWII fighter pilot, whose background was in finance. In an April 5, 2009 article that appeared in the Pensacola News Journal, Carlton Proctor ( asked the question, How does your bank rate?

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New: Low-cost Term Life Insurance/TRICARE Supplemental Coverage


Beginning immediately, The Wheeler Group LLC is offering low-cost term life insurance for active duty military personnel, as well as TRICARE Supplemental Coverage. Since 2001, we have worked closely with John Battin and his team at Military Benefit Association (MBA). We are now taking it to the next level in helping our military and federal civilian communities and their families.


The Armed Forces Enlisted Benefit Association was founded in 1956 as a nonprofit association. The founders were aware that enlisted persons did not have access to the same benefits as military officers and wanted to provide some of these benefits. The Association was organized to promote the welfare of its members, to advance and safeguard their economic interests and to improve their financial conditions through cooperative enterprises. In 1963, the name was changed to Military Benefit Association (MBA). Continue reading

Differences Between Annuities and Life Insurance

Simply put, life insurance protects against dying too soon, while annuities provide against living too long.

[Preface: As insurance and financial planning professionals, we are required and mandated by Hawaii state law to go through 20 hours of continuing education every two years. The following information comes directly from my study materials provided by WebCE and TestSmart. May it give you a better understanding of the key differences between annuities and life insurance.]

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