Uncategorized Archives

Why you should never do business with this scamster

Last updated on: July 18, 2018 by David Lewis Filed Under: Uncategorized Tagged With: dividend paying whole life insurance, dividend-paying whole life, equity indexed life insurance, life insurance, life insurance advice, life insurance tips, save money on life insurance, term insurance policy, term life insurance, term life policy, universal life insurance, whole life insurance, whole life policy

Some poor shlub who was having a bad day decided to troll one of my YouTube videos: *** “Whole life is a scam and anyone selling it is a scamster” *** Translation: “I have no rational argument against whole life insurance. I’m just really, really, mad.” I love receiving such comments because it means I’ve […]

How to make $232,000 from a “worthless” term life insurance policy

Last updated on: July 12, 2018 by David Lewis Filed Under: Uncategorized Tagged With: refund on term life insuance, save money on a term policy, term insurance, term life insurance, term life insurance policy, term policy

My business partners recently published a story about how we saved someone lots-n-lotsa money: *** We recently worked with a 75-year old client who owned a $1.5M term policy. The policy was approaching the end of the guarantee period, the client did not want to pay to convert, and planned to let the policy lapse. […]

Why you should care about the government’s deficit attention disorder

Last updated on: June 4, 2018 by David Lewis Filed Under: Uncategorized Tagged With: budget deficits, government central planning, government debt, government deficit, libertarian economics, Trump economic plan

Trump can’t stop spending money. It’s hilarious. It’s not hilarious from a stability-of-country standpoint. It’s hilarious from a “who the hell voted for this guy?” standpoint. I mean, it’s obvious for anyone with eyes to hear and ears to see. You got a guy who has gone bankrupt multiple times in business, so naturally we […]

The dark side of whole life insurance

Last updated on: January 30, 2018 by David Lewis Filed Under: Uncategorized Tagged With: cash value life insurance, dividend paying whole life insurance, insurance policy, life insurance, life insurance basics, life insurance industry, life insurance policy, term life, term life insurance, whole life, whole life insurance

For your general amusement, and mine, here are “skeletons in the closet” and all the nasty bits of whole life insurance: The whole underwriting process is just plain weird.You have to go through a blood and urine test, answer a bunch of health questions, and wait 2 to 3 months while the insurance company’s underwriter […]

Why asset bubbles should be banned

Last updated on: December 21, 2017 by David Lewis Filed Under: Uncategorized

A stimulating discussion about asset bubbles ensues on Fakebook. I used to believe that asset bubbles existed (e.g. stock market bubbles, housing bubbles, etc.). I don’t believe that anymore and a big reason is because of Forbes editor John Tamny. Tamny focuses on the DUH-obvious fact of financial markets: for every buyer, there is a […]