ING is a good company with a solid base in the U.S.  It is not, however, a U.S. company.  For the past few decades insurance Behemoths from Europe have been buying their way into the U.S. market by buying U.S. companies.  These have been strategic decisions aimed at improving both the profitability and the balance sheet of the alien Behemoth.  Insurance and financial Behemoths from the other side of the world are currently eyeing U.S. insurance and financial businesses as potential acquisitions.

If and when an alien Behemoth finds its U.S. operation to be unprofitable and unable to add to its bottom line, the Behemoth will divest its interest in its American business and leave the country.  The adverse effects such a departure may have on American families and other American businesses will be only a minor consideration.

I’m not suggesting that ING or any other alien Behemoth is currently planning to leave the U.S.  I am suggesting that insurance purchases, and particularly life and health insurance products, are based on long-term commitments from both sides.  The stability and commitment of the Behemoth needs to be based on a commitment to America and the U.S. economy.  That is not and cannot be the basis of an alien Behemoth’s commitment, whose country of origin regulates and controls it to a greater extent than the host country does – in this instance the US of A.

I personally choose to write cash value life insurance, long-term care, and annuity contracts with US companies for this reason and because there is no compelling reason to do otherwise.  US companies perform as well or better than their alien counterparts, offer equivalent or better products, and don’t bow to foreign powers or governments.

The wealth creation, family wealth management, and personal asset protection of clients are better served over a lifetime with cash value life insurance, annuities and long-term care insurance from companies that owe allegiance to America and American families first.

If there were compelling reasons to do business of any kind with an alien Behemoth one should be willing to do that.  In the case of life insurance, long-term care insurance, and annuities there is not only no compelling reason to do so, but some pretty darn good reasons not to do so.

by Jeffrey Reeves – www.yoBEthebank.com