Wealth Review News » compound interest http://www.wealthreviewnews.com Your Tagline Here Thu, 02 Sep 2010 00:05:44 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Are mutual life insurance companies inherently stronger than stock or public insurance companies? http://www.wealthreviewnews.com/are-mutual-life-insurance-companies-inherently-stronger-than-stock-or-public-insurance-companies/ http://www.wealthreviewnews.com/are-mutual-life-insurance-companies-inherently-stronger-than-stock-or-public-insurance-companies/#comments Tue, 13 Apr 2010 23:53:52 +0000 Wealth Review News A company is conducting seminars nationwide, for investors, telling them about a new concept for investing in a modified whole-life policy, through Mutual Insurance companies, which they say provides a strong vehicle for building tremendous wealth, with outsized tax benefits. These people make the claim that one is automatically better off, and more secure doing this through a Mutual Insurance company, but they don’t explain WHY a mutual company should be any financially more secure than a stock or public company. I smell a rat and wanted to investigate this on behalf of a friend who’s all excited about this "opportunity".
I should add the fact that my friend is single, has no children or other dependents, and is being led to believe that by borrowing and repaying with interest, he can "be his own bank." and accumulate compound interest, totally tax-deferred, which somehow will make him wealthier than NOT buying a policy he really has no need for, and investing the money himself. I fail to see how this would work, and wonder if anyone else here has heard of this "miracle" investment vehicle?


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