I received a very painful thank you the other day. A 33 year old client thanked me for selling him more life insurance than he originally thought he needed. Why was he thankful? He had just undergone a seven hour surgery to try to  remove cancer from his body. Now he’s facing chemotherapy and a long recuperative period. Then, if he’s blessed, he’ll receive a clean bill of health and will be able to continue his life - as a medical doctor.

The cash in this client’s policy will serve him well if recovery takes longer than expected. It will help offset the loss of income and perhaps pay for treatment that is not covered by his insurance. If things go well and he is back to work in a short period of time, his policy - his “bank” - will continue to grow every year, will never lose value and will provide a legacy for his heirs  when he dies.

It’s sometimes easy to lose sight of the significant benefits that a cash value life insurance policy puts at the disposal of the policy owner. It takes the long view to see it until something happens. Then again, at a time like this, it’s easy to remember.

Permanent cash value life insurance is the most powerful financial tool available to individuals and families. It is the foundation of your financial life. If you do not have this foundation, your money structure is built on sand…it will not survive much less thrive.

Say a prayer for my client and friend.

Available soon…

Money for Life…in good times and bad - How to Thrive in the 21st Century visit  www.TheMoneyForLifeBook.com

©2008 Poor Richard Publishing Company

Filed under: What others have to say, annuities, annuity, bank on yourself, be the bank, become your own bank, becoming your own banker, circle of wealth, debt, debt to others, disability income insurance, financial, financial advice, financial planning, health insurance, infinite banking, insurance dividends, investing, leap system, life insurance, long term care insurance, Money, money for life, money under management, mutual funds, mutual insurance, mutual insurance company, nash, nelson nash, pamela yellen, passive income, pirates of manhattan, r nelson nash, saving, stock dividends, Taxes, term life insurance, The Four Pillars, thrive, universal life insurance, variable life insurance, Whole Life Insurance, Who’s helping you, yellen