Beacon (Pinnacle) Score.

The Beacon Score is a credit score that was developed by FICO. It is a numerical representation of an individual’s creditworthiness. The Beacon Score ranges from 300 to 850, with a higher score indicating a lower risk of default. What is a Tier 1 credit score? A “Tier 1 credit score” is generally considered to … Read more

What Is Longevity Risk?

Longevity risk is the risk that a policyholder will live longer than expected and outlive their financial resources. This type of risk is most often associated with retirement income planning, where retirees face the risk of outliving their savings. Longevity risk can also be a factor in other financial planning scenarios, such as estate planning. … Read more