Top critical review
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Interesting concepts but reads like a $10 sales brochure
on October 18, 2011
This book makes a compelling argument for cash value life insurance versus stocks and mutual funds for long term investment. A good amount of data is presented to back up that argument. However it stops short of providing usable information for moving forward. I recognize that everyone might need a slightly different approach to buying life insurance, but there is for example no information on selecting an agent, no discussion of different policy aspects, no list of things to watch out for, etc. Instead the book is loaded with trademarked terms and referrals to the authors' website for more information. When you get there you are funneled to a form to sign up for a sales pitch from an agent. That makes this basically a $10 sales brochure for the authors. I guess they feel the same way because they essentially give the book away free on the website if you sign up for the pitch.
Note in the book the authors reamed other financial gurus for doing the same thing, ie selling advice and profiting from it. Boo.
Here's all you need to know: Cash value life insurance may be a great option for you if you want a more reliable investment albeit with a lower rate of return (that's because the insurance company takes a piece of the upside in good years and spares you some of the downside in bad, not to mention the fees). Google it to learn more, but insurance is a very complicated market so you'll still be left wondering, so call a few of the top rated insurance providers to compare and consider, ask a friend, etc. Good luck.
Also note: This is one of the few Kindle books I have read that cannot be loaned.
Also also note: I own both cash value and term life insurance policies (I'm worth more dead than alive, as they say) as well as stocks and other investments but I'm not affiliated with any investment business in any way.