How great savers go broke

Back when I still worked for another firm, there was this guy I would periodically visit…

He was “all in” on the stock market with a handful of bonds backing him up in case something went haywire.

He was some kind of engineer in a former life and had amassed a sizable savings which… substantially all of it was in an IRA managed by my firm.

No matter what I said to him, I couldn’t convince him to even take a look at life insurance and how it could protect his savings.

Now don’t get me wrong.

I don’t think the problem was that he didn’t care or that he was stoopid.

He seemed like a really smart feller.

And… he clearly understood the importance of saving money.

But, he never bothered to properly manage his financial risks.

Thought he could do it himself and that it really wasn’t that big a deal.

Plus… he just couldn’t be bothered to learn about life insurance and more… he thought it was silly, expensive, and a waste of time and money.

Fast forward to about 2010… he’s broke.

Last I heard, he and his wife had to cut WAY back on their lifestyle and survive on Social Security and a small pension.


Once your retired, there’s no going back.

Or… if there is… it’s a completely different (and less stable) work environment.

I don’t want to see you suffer through something like that but… the reality is… some of you will.

It’s not a matter of “if”… it’s a matter of “when.”

In insurance, we call it the “Law of Large Numbers”.

Given a large enough sample size, insurance actuaries can predict what percentage of the population will die, get sick, or… suffer a catastrophic financial setback.

Only problem is… they can’t predict specifically who in the population all this bad stuff will happen to.

They can only predict (quite accurately, I might add) the number of people as a percent of the total population.

Hence the reason for insurance.

So it all comes down to whether you think it’s worth your time and money to insure and protect your savings.

If you think it’s a waste of time, just scroll to the bottom of this email and unsubscribe and I’ll stop clogging up your email inbox with worthless information.

If, on the other hand, you’re seriously concerned about it, go join my email list — now.

David Lewis, AKA The Rogue Agent, has been a life insurance agent since 2004, and has worked with some of the oldest and most respected mutual life insurance companies in the U.S. during that time. To learn more about him and his business, go here.