While the market goes up and goes down, you don't have to. You can get off of the roller coaster and discover the alternative to traditional investing.
There really is a better way... and it won't keep you up at night.
You’ve probably heard that life insurance is a bad investment. And, that you should buy the cheapest term insurance available. Well something else that you’ve probably heard is “you get what you pay for.”
YES! You can protect your hard earned money and build wealth using tried and true, dividend paying, life insurance.
While the investment firms and banks want you to believe that the stock market is the ONLY way to invest and make money, they too own life insurance.
BOLI is the name for Bank Owned Life Insurance, and if you'll do your research you'll find that all of the major banks own lots of it. As a matter of fact the FDIC (Federal Deposit Insurance Corporation) actually encourages banks to own life insurance: http://www.fdic.gov/news/news/financial/2004/fil12704.html
Total BOLI Assets (in billions)
Held by Bank Holding Companies in 2007
BHCS BY ASSET SIZE 2007 2006 Change
Over $10 billion $ 104.63 $ 88.59 18.1%
$1B - $10 billion $ 9.89 $ 9.55 3.6%
$500M - $1 billion $ 3.03 $ 2.86 4.5%
All $ 117.55 $ 101.00 16.4%
*Source: Michael White-MullinTBG BOLI Holdings Report - 2008 edition
BANKS THAT OWN BOLI State BOLI
Bank of America NC $ 13,883,173
Wachovia NC $ 12,874,000
JP Morgan Chase OH $ 7,181,000
Citibank NV $ 3,281,000Regions Bank AL $ 1,253,146
Bancorp South MS $ 168,005
*Partial list compiled from: The Pirates of Manhattan
If permanent life insurance is such a bad investment, why do you think banks own so much? And, if you listen to who is saying “buy term” it’s usually the banks and Wall Street. Why? Because they are now selling term insurance and it is the MOST Profitable for them, and of course they want to sell you their mutual funds. Mutual fund managers rake in hundreds of millions of dollars every year, while you take the risk and whether or not they make money or not.
So, why do they tell you to "buy term and invest the difference", while they do just the opposite? Well, that's how they make their money, even if you LOSE... That's right, they make money even when they lose your money. They tell you to buy while the market is down, and to "dollar cost average", what a bunch of crap! Yet, they still won't you to bail them out!
Have you ever considered your what YOUR LIFE is worth to YOUR FAMILY? This is your Economic or Human Life Value. Winston Churchill said this about using life insurance to protect the economic value of a human life:
“If I had my way I would write the word insurance over the door of every house because I am convinced that for the sacrifices which are considerably small, families can be secured against catastrophes which would otherwise smash them up forever.”
The political commentator, humorist and international celebrity Will Rogers said this:
“A man who dies without adequate life insurance should have to come back and see the mess he created.” Rogers later died, in 1935, in a plane crash in Barrow, Alaska—and life insurance benefits were one of his estate’s largest and most important assets.
You too can enjoy the many benefits of life insurance while protecting your family. Here's a partial list of what life insurance can do for you:
- It takes care of your family if you die too soon.
- It takes care of you if you live too long.
- It is self-completing if you become permanently disabled.
- The waiver of premium guarantees the premiums are paid.
- It can have catastrophic benefits if you have cancer, heart attack or stroke, to help even if you don’t die.
- It can have terminal illness benefits that will pay when you are diagnosed, allowing you to put things in order before you die.
- It can provide long-term care benefits, drawing from your cash-value.
So, get off the roller coaster and stop risking your wealth. You don't have to get out of the market, but you may want to diversify with some safe alternatives like annuities and life insurance. Download a Free Report: http://legacyinsuranceagency.com/alternative
Until next time,
Barry page, RFC
Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.
He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.
His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html
