First of all, this is not the only idiot who recommends buying term insurance. I’ve read several books and analyzed several different ways to buy life insurance. I am a professional investor and have created millions of dollars of wealth. My whole life insurance is my best investment. The book talks about term, fixed universal, and variable universal, in which are all poor investments. With those types you will only win if you die prematurely. Not much to look forward to. The facts are less than 1 percent of all term insurance policies ever pay a claim. “Maybe why it’s so cheap.” Fixed universal and variable universal is like buying term and investing the difference! You will loose BIGTIME! Life insurance is most important during the distribution phase of your money, or retirement. If you are healthy enough to qualify for life insurance than you have a less than 1 percent chance of dying before 65. “Don’t waste your money on term.” On the other hand, you have a 100 percent chance of dying after 65. There’s only one question, when? If I structure a guaranteed whole life insurance policy to equal my assets at retirement I can spend my retirement savings the way I want. “It doesn’t matter when I die when I have enough whole life, I can spend my money how I want.” The benefits of term = premature death. The benefits of whole life = premature death, cash value, tax deferred, protect against creditors, line of credit, disability, guarantee return, dividends, increasing death benefit, guaranteed death benefit forever. “I will win the game.” I will get to spend all of my assets before I die and will never disinherit my family at death. I pay very high premiums to my whole life policies and I am reaping the benefits. You can do the same! Don’t listen to amateurs who tell you to buy term and invest the difference or to buy universal or variable life!!! Get a good solid whole life insurance policy with a high rated mutual company. You will not be disappointed.
Rating: 1 / 5
Norman Dacey is forty years behind the times. He is not knowledgeable. He is terribly biased.In this book Dacey hides his real purpose for about three hundred pages. Then the reader discovers that the author was actually a mutual funds salesman for forty years. His information is outdated and has no significance with current products. He erroneous compares old whole life plans with current term premiums. He selects alternate methods of self-insurance based on an historical look at what happened. His thoughs center on what if scenarios rather than on reality.
Rating: 1 / 5
“Buy term and invest the rest.” Interesting concept. So a 40-year old man decides to try and do the above. He purchases a 20-year Term policy and invests some money in a mutual fund or two. But wait, along the way there are family emergencies, college to pay for, a job change and other small occurences that prevent him from being a Disciplined Investor. Okay, so 20 years goes by and he’s now 60. That Term policy is kaput… gone. He paid for it and — just like his car insurance — has not a dime to show for it. Still, he has another 25 years to live and since he wants to leave something to his wife and kids, he thinks “Okay, I’ll just buy another Term policy.” Interesting concept, except for that little heart murmur that popped up a few years ago, the high blood pressure, the lung infection, etc. You know, all the health issues that, combined with his age, drive those Term prices THROUGH THE ROOF. Assuming, of course, he’s not completely UNinsurable. Oh, and all those “investments?” Well, who can predict the stock market, world currency, international competition, etc? Here is a dead-on, rock-solid FACT: the smart people, those running major corporations, self-made entreprenuers and the like, all have one thing in common. Almost to a man, they own Whole Life insurance. Hmmmmm… I wonder why that is?
Rating: 1 / 5
This book makes most life insurance companies look just like what they are “crucks”.
Since a lot of money is use in connection with ellections for congress and other govenrment agencis we can not and will never study life insurance companies at all.
“what’s wrong with your life insurance” is a key to the cosumer out there.
This is a book that everyone should own. If you want to save money and not be scammed by bad life insurance people. This book may not be around for long because the life insurance industry does not want you to know the truth and how to protect yourself. This book can help you protect your family and friends. This book is a must buy.
Rating: 5 / 5
First of all, this is not the only idiot who recommends buying term insurance. I’ve read several books and analyzed several different ways to buy life insurance. I am a professional investor and have created millions of dollars of wealth. My whole life insurance is my best investment. The book talks about term, fixed universal, and variable universal, in which are all poor investments. With those types you will only win if you die prematurely. Not much to look forward to. The facts are less than 1 percent of all term insurance policies ever pay a claim. “Maybe why it’s so cheap.” Fixed universal and variable universal is like buying term and investing the difference! You will loose BIGTIME! Life insurance is most important during the distribution phase of your money, or retirement. If you are healthy enough to qualify for life insurance than you have a less than 1 percent chance of dying before 65. “Don’t waste your money on term.” On the other hand, you have a 100 percent chance of dying after 65. There’s only one question, when? If I structure a guaranteed whole life insurance policy to equal my assets at retirement I can spend my retirement savings the way I want. “It doesn’t matter when I die when I have enough whole life, I can spend my money how I want.” The benefits of term = premature death. The benefits of whole life = premature death, cash value, tax deferred, protect against creditors, line of credit, disability, guarantee return, dividends, increasing death benefit, guaranteed death benefit forever. “I will win the game.” I will get to spend all of my assets before I die and will never disinherit my family at death. I pay very high premiums to my whole life policies and I am reaping the benefits. You can do the same! Don’t listen to amateurs who tell you to buy term and invest the difference or to buy universal or variable life!!! Get a good solid whole life insurance policy with a high rated mutual company. You will not be disappointed.
Rating: 1 / 5
Norman Dacey is forty years behind the times. He is not knowledgeable. He is terribly biased.In this book Dacey hides his real purpose for about three hundred pages. Then the reader discovers that the author was actually a mutual funds salesman for forty years. His information is outdated and has no significance with current products. He erroneous compares old whole life plans with current term premiums. He selects alternate methods of self-insurance based on an historical look at what happened. His thoughs center on what if scenarios rather than on reality.
Rating: 1 / 5
“Buy term and invest the rest.” Interesting concept. So a 40-year old man decides to try and do the above. He purchases a 20-year Term policy and invests some money in a mutual fund or two. But wait, along the way there are family emergencies, college to pay for, a job change and other small occurences that prevent him from being a Disciplined Investor. Okay, so 20 years goes by and he’s now 60. That Term policy is kaput… gone. He paid for it and — just like his car insurance — has not a dime to show for it. Still, he has another 25 years to live and since he wants to leave something to his wife and kids, he thinks “Okay, I’ll just buy another Term policy.” Interesting concept, except for that little heart murmur that popped up a few years ago, the high blood pressure, the lung infection, etc. You know, all the health issues that, combined with his age, drive those Term prices THROUGH THE ROOF. Assuming, of course, he’s not completely UNinsurable. Oh, and all those “investments?” Well, who can predict the stock market, world currency, international competition, etc? Here is a dead-on, rock-solid FACT: the smart people, those running major corporations, self-made entreprenuers and the like, all have one thing in common. Almost to a man, they own Whole Life insurance. Hmmmmm… I wonder why that is?
Rating: 1 / 5
This book makes most life insurance companies look just like what they are “crucks”.
Since a lot of money is use in connection with ellections for congress and other govenrment agencis we can not and will never study life insurance companies at all.
“what’s wrong with your life insurance” is a key to the cosumer out there.
thank’ God.
Rating: 5 / 5
This is a book that everyone should own. If you want to save money and not be scammed by bad life insurance people. This book may not be around for long because the life insurance industry does not want you to know the truth and how to protect yourself. This book can help you protect your family and friends. This book is a must buy.
Rating: 5 / 5