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Subject:  Re: 7702 Private Plans (indexed universal life) Date:  3/30/2013  2:08 AM
Author:  Rayvt Number:  71574 of 80216

Its for people who prefer to ELIMINATE the catastrophic probabilities of having less money with no further time to recover.

Yah. Valid concern.
We went to some "plate-licker" free dinners in 2001-2002 after the dot-com crash given by financial advisors looking for new clients. They related a number of sad stories of clients who retired in their 40's & 50's near the top, lost half of it, and then had to try to find another high-paying job. Don't retire on a shoe-string.

I don't know the sizes of the people you typically see. But if you have a $100K account and lose half, it doesn't matter. Neither 100K nor 50K is going to put you on easy street, or make a significant change in your life-style. (Or maybe it would -- perhaps I'm jaded.)

But if you have a $1,000,000 portfolio and lose half -- yeah that would hurt. But in th