Whole Life Insurance vs Social Security

Whole Life Insurance vs Social Security – Galveston

Galveston County Texas Plan vs Social Security

Galveston County was smart enough to opt out of the social security plan way back in the early 1980’s. We can now see the substantial difference their plan has had over the social security system in regards to saving for retirement. What was their PLAN. Read my article to find out.

Did you know that in 1983 congress changed the laws so that other counties could not copy what Galveston had done 2 years earlier. Galveston County (like a few others before it) pulled out of the Social Security system because they found a safer and more flexible and lucrative way, for the average person, to save for retirement.

Is this blatant proof that congress does not make decisions based on what is best for the people of the United States of America? Yes it is.

Some may say that they did so because Whole Life Insurance was not good. It has been given a bad name and a bad wrap from the celebrity financial guru’s but that is because they either

1. Do not look at it’s value, compared to it’s cost

2. do not understand how to use it properly (as a living benefit rather than just a death benefit) and/or

3. they are receiving entitlements to educate the public to have a certain opinion which is not in their (the public’s) best interest.

Read here a report after 24 years of using this system how whole life insurance has far out paced what social security would be offering these same people, had they not opted to get out of the system.

Of course, if regular old whole life can outweigh the benefits of social security, imagine what a specifically designed whole life policy that has  certain riders to increase the cash value and the tax advantaged growth to the supercharge level could do for your retirement.

If you want predictability, guarantees, security and tax advantages in your retirement; while providing an emergency fund and loan provisions for personal or business ventures through out your life, all with the same money, contact me today – Jennifer @ 845-649-7487

January 9, 2010 · Jennifer · 2 Comments
Tags: , , , , , , ,  · Posted in: RETIREMENT, SOCIAL SECURITY, Whole Life vs Social Security, Whole Life vs Social Security

2 Responses

  1. Education - January 21, 2010

    I think this is a very interesting post, thanks for writing it!

  2. Financial Strategies # 4 Speculation or Prediction for Retirement | Personal Finance - April 8, 2013

    […] changed the laws so that othercoun­ties could not copy what Galve­ston had done 2 years ear­lier.Galve­ston County (like a few oth­ers before it) pulled out of theSocial Secu­rity sys­tem because they found a […]

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