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URL:  https://boards.fool.com/i-think-a-lot-of-people-forget-that-you-insure-23377837.aspx

Subject:  Re: Retirement Plan - Which Way To Go? Date:  12/3/2005  10:59 AM
Author:  ResNullius Number:  48593 of 96184

I think a lot of people forget that you insure events that you can't cover otherwise - and that goes both ways :)

Now that's a secret that the insurance industry wants few to know. This is why brokers and insurance folks keep telling you that you need so much more than you really need to reach financial independence. For example, insurance folks will use rediculous withdrawal rates, growth rates, and inflation rates to make it seem that what you have is way too little take care of things. This helps them sell you more insurance and other useless financial products, which only line their pockets with fees and commissions.

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