Any money you give to an insurer is not an 'investment'...its a contract. Insurers promise to give you something in the future for a lump sum today. These insurance company 'guarantees' are only as good as the financial health of the insurerAssuming an average annual inflation rate of 3%, in 10 years, $40,000 will have the purchasing power of $29,700 today.Remember the 3 laws of the marketplace:1. No one knows what the future markets will do2. We all invest in the same marketplace3. Only the US Treasury can print moneyHow can the insurer offer value over a diversified portfolio of ETFs?Answer: They can'tThink about it.BruceM
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