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Subject:  Re: Re:VUL-Giant Roth - Tax free withdrawals? Date:  4/4/1999  7:37 AM
Author:  FoolWAM Number:  9670 of 88011

I just happen to read the Fool's section on insurance yesterday. The biggest beef I have with it is the opening philosophy of not being an estate planning tool or and investment. The rest of the article brought up some good points. Insurance is certainly a viable tool in estate planning. I don't think that any financial advisor worth his or her salt would disagree with that. Insurance can be an alternate investment vehicle if set up properly. I would certainly never offer it to a client as a primary investment vehicle.

I'm sorry that the lady in that insurance article got the shaft, but there are many variables at play here. She obviously did not understand what she had purchased, and either the agent was totally incompetent or was a crook. An agent or planner that understands policy structure, would never give advice such as what was given her.

You will see stories like that everywhere, but that doesn't make the tool a bad tool. It was totally misused.

I can show you many clients of mine who were totally screwed by their stock broker, but does that make investing in stocks bad???

I appreciate your input!

Alan Mcknight, CFP
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