Monday, January 28, 2008
Whole Life Insurance: 'The Investment Bomb Shelter for Scary Times'
During one of the most unsettled periods in recent financial history, author and investment guru John E. Girouard is warning people to think twice before moving their money into bank CDs and money market funds.
He says the ultimate bomb shelter during scary financial times is your grandparents' life insurance, called participating or mutual whole life, which dominated the industry until falling out of favor in the late 1970s, but is now coming back into style.
"Few people know that the life insurance industry was one of the few economic sectors to survive the Great Depression intact. It was one investment that kept its promises," says Girouard...
EarthTimes: Whole Life Insurance: 'The Investment Bomb Shelter for Scary Times'
He says the ultimate bomb shelter during scary financial times is your grandparents' life insurance, called participating or mutual whole life, which dominated the industry until falling out of favor in the late 1970s, but is now coming back into style.
"Few people know that the life insurance industry was one of the few economic sectors to survive the Great Depression intact. It was one investment that kept its promises," says Girouard...
EarthTimes: Whole Life Insurance: 'The Investment Bomb Shelter for Scary Times'
Permalink posted by markw @ 11:49 AM 
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