Money Life With Chuck Jaffe Daily Podcast

David Chavern, president and chief executive officer for the American Council of Life Insurers (ACLI), discusses how insurance companies — who have been investing in private credit situations long before those investments were available to the general public — are withstanding the risks that critics say could cause the next financial crisis. Chavern also discusses the changing role of insurance, and specifically annuities, in financial planning as the last generations to get pensions are reaching retirement age and the next group of savers is looking for consistent, stable income later in life. Howard Dvorkin, chairman at Debt.com, discusses "pig butchering," a sophisticated financial scheme where criminals build a relationship with victims online and then persuade them to invest in fake crypto or other fraudulent schemes. The bad guys' efforts have been bolstered by the development of artificial intelligence, making it easier to connect with targets — often the elderly or young, naive newbie investors — for