“The recipient can select to receive their income during their lifetime only, or they can elect to take a lower income and have it guaranteed to both themselves and their spouse.” – Guy Baker
Life Insurance for Diabetics – Forbes Advisor
“Someone with Type 1 diabetes will likely find it tough to qualify for life insurance, much less find inexpensive coverage, […] Meanwhile, someone with Type 2 diabetes ‘is much more likely to be insurable.'” – Guy Baker
Dimensional: Five Things I Know about Investing
“My goal is a portfolio I can justify to myself today, based on the information available now. Because unexpected returns will dominate the outcome, I won’t judge my choice on what the portfolio delivers tomorrow.” — Kenneth R. French
From the Archives: The Arithmetic of Active Management (1991)
“The best way to measure a manager’s performance is to compare his or her return with that of a comparable passive alternative. The latter — often termed a ‘benchmark’ or ‘normal portfolio’ — should be a feasible alternative identified in advance of the period over which performance is measured. Only when this type of measurement is in place can an active manager (or one who hires active managers) know whether he or she is in the minority of those who have beaten viable passive alternatives.”