tag:blogger.com,1999:blog-6660460810418738523.post4999350570013519712..comments2011-06-13T22:53:33.662-04:00Promod Sharmahttps://profiles.google.com/106341044498666213775noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6660460810418738523.post-73399354033246311862011-03-28T05:20:41.449-04:002011-03-28T05:20:41.449-04:00Generally I do not post on articles, but I would like to say that this blog really forced me to do so! Thanks, really nice blog.Business Loanshttp://www.onlinecheck.com/business_loans.htmlnoreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-28849231757277549992010-08-10T18:17:40.467-04:002010-08-10T18:17:40.467-04:00permanent life insurance is by far the best vehicle for accumulating assets as it combines tax free growth (and distributions) with the death benefit and guaranteed returns.<br /><br />If you look at the typical mutual fund of the last 20 years compared to the standard 4% interest paid on a permanent life policy, you&#39;d have more in the life insurance...Jason the life insurance marketing guruhttp://agentsleadmachine.comnoreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-43727187347789884362010-08-10T09:18:21.037-04:002010-08-10T09:18:21.037-04:00The wealthy think differently. They act differently --- in ways that may not make sense to others.James Morgan - Puritan Financial Advisorhttp://www.prleap.com/pr/146343/noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-91566273919320506902010-05-07T13:46:37.819-04:002010-05-07T13:46:37.819-04:00I recently came across your post and have been reading along. I thought I would leave my first comment. I don&#39;t know what to say except that it caught my interest and you&#39;ve provided informative points. I will visit this blog often.<br /><br />Thank you,<br /><br /><a href="http://www.ezbusinessloans.com" rel="nofollow">Small Business Loans</a>Hutchinsonhttp://www.blogger.com/profile/02404920143246266328noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-31039054739512264822009-01-12T13:29:00.000-05:002009-01-12T13:29:00.000-05:00Promod: Thanks for the feedback.<BR/><BR/>Insurance may be a good investment for people who are already wealthy but that doesn't mean it's always good to imitate them to become wealthy. Just like buying a $40M house it may be more appropriate after building up wealth through something else.<BR/><BR/>In general any investment that's chosen mostly because of a tax advantage has a low priority for me, and having additional punitive costs due to age would only make it worse.<BR/><BR/>I can see that there might be some value in using insurance for estate planning, but only if it fits with the individual's larger goals.siliconprairieblog.comhttp://siliconprairieblog.com/noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-57318068789477145462009-01-11T21:08:00.000-05:002009-01-11T21:08:00.000-05:00Thanks Monty. It'll take a while to get to 1,000!Promodhttp://www.blogger.com/profile/11239089296177027814noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-13989838259165152692009-01-10T22:23:00.000-05:002009-01-10T22:23:00.000-05:00Hey Promod,<BR/>Congrats on the 100th Post!Monty Loreehttp://www.canadian-money-advisor.ca/archives/noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-37177001530113271322009-01-10T21:51:00.000-05:002009-01-10T21:51:00.000-05:00Thanks for your comment, Silicon Praire Blog. <BR/><BR/>We are talking in generalities and about populations. Individual behaviour is unpredictable.<BR/><BR/>The wealthy generally still work even if they have millions. They might get term insurance if they have a need for a limited period (e.g., to cover debt). Here the goal is to create an estate. <BR/><BR/>Since self-made wealth takes time to accumulate (e.g., small business owners, professionals), we are talking about people in their 50s, 60s and 70s. They are now starting to look at their legacy (family, charity) and preserving their estate. <BR/><BR/>Biases against insurance may persist and may last until the point the person becomes insurable :(<BR/><BR/>You can get more details on <A HREF="http://blog.riscario.com/2008/03/canadian-life-insurance-sales-in-2007.html" REL="nofollow">Canadian Life Insurance Sales in 2007</A>Promodhttp://www.blogger.com/profile/11239089296177027814noreply@blogger.comtag:blogger.com,1999:blog-6660460810418738523.post-80265116182198177802009-01-10T17:17:00.000-05:002009-01-10T17:17:00.000-05:00How many wealthy people do buy term life insurance, or choose not to get life insurance? (presumably if they are already wealthy no one depends on their ability to work)siliconprairieblog.comhttp://siliconprairieblog.com/noreply@blogger.com