The case for investing in life insurance
By Barry James Dyke
Now could be the right time to invest in your own health.
Two years ago, presidential candidate John McCain secured initial campaign financing by using his $3 million life insurance policy as collateral.
In 1980, Doris Christopher used a life insurance loan to launch her struggling kitchen gadget company. In 2002, she sold that company — the Pampered Chef — to Warren Buffett for a reported $900 million.
Even in the midst of the Great Depression, J.C. Penney used a loan against his $3 million life insurance policy to resuscitate his retail stores after the 1929 crash.
By this point in our nation’s recession, it is clear that there is no such thing as a perfect investment strategy. As the Dow Jones Industrial Average sits at about 65 percent of its value from 18 months ago, now is an ideal time to learn about the proven benefits, strengths, and versatility of life insurance and annuity investing.
IF IT’S GOOD ENOUGH FOR BANKERS …
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