Life Insurance Won’t Earn Big Returns

Some offers for variable life insurance promise a 10% yearly return on your investment.  Salesmen will paint an attractive, but shady, picture of how this scheme works.  And while there’s no absolute proof that this is not possible, you should be very, very careful when you try to invest after being given such a nebulous picture.

We are working with a bunch of hypotheses here, the first being the hypothesis that you have a rate of return that will grow.  With mutual funds, which are the typical investments for variable life insurance, the increase is contingent upon the performance of that particular area of the market.

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Financial Failure is NOT an Option!

There’s an old story about a prince who sailed with his warriors, to a distant shore to fight a battle against a neighboring country. When he unloaded his equipment and crew, the prince realized that he was hugely outnumbered. In the face of certain defeat, he set ablaze all of his ships, thus cutting off every avenue of retreat. His men were horrified. The prince explained to his men, “There is no going home without victory! Today we win, or we perish!” The end of the story is that every man fought with more courage and strength than they ever had, and they won the battle against insurmountable odds.

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