Back by popular demand, Tom Dyson head of the Palm Beach Letter explains how a boring, investment in life insurance could be your ticket to a very comfortable retirement. Tom compares whole life insurance to mutual funds, and while you might get lucky and get stellar returns on a good fund, over time the fees are going to kill your rate of return. With whole life, you pay the fees up front and over time your investment results may far out perform most funds. You’ll also get a death benefit that can benefit your family and you can borrow funds as necessary without decreasing the policies guaranteed returns. Many of the best insurance companies have been around more than a century and have survived major economic disruptions. You shouldn’t put all your eggs in one basket, but insurance can be a part of the equation.
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