---

Guest post by: Claudio Cipriani Become an Author

Tweet

---

---

I have been hearing on the local radio stations an advertisement for a life insurance agent who says that a client of his in the law profession asked him to set up an additional $1 Million dollar life policy for him, representing the amount lost in the current financial crisis. This sounds like a panicked reaction to a devastating loss, but it also makes me think - what is the point of taking out a life policy - the person would never get to use it!

There are many vessels available to consumers to insuring their property. There is home insurance, auto insurance, business insurances, life insurance, title insurance and health insurance but have you ever considered investment insurance? Think about it - guarantees on your money. Death guarantees, deposit guarantees at maturity, resets. One avenue for investing your money is to use Mutual Funds. These aren’t are risky as the stock market, but as part of a well diversified portfolio, they provide a fantastic vessel for making money - oh wait…the market has crashed. There are some people out there who aren’t as stressed as others - Some people have their money in a type of investment vessel called Guaranteed Income funds (a.k.a seg funds, annuities etc).

They offer the same fund options as most mutual fund companies, but the key is that you pay a bit more to ensure:
a) deposit account guarantee - the contract is typically 10 years and you can opt to have 75% guaranteed or even 100%. Consider your funds last year vs this year. The news has reported that trillions of dollars have been lost in market pull backs that will take years of robust growth to return… In a seg fund, it wouldn’t really bother you, because your deposit balance is insured!
b) Resets - many funds offer annual resets - as the value grows, the guaranteed value also grows, reflecting the hight value of your investment.
c) Death benefits - Guaranteed investment funds are life insurance products - as such they have beneficiaries - they can pass your estate and go directly to the people you want to have the money (and not the taxman!)

We have all taken a blow in this economic downturn - some more than others. It is easy to fall into panic mode and become reactive - i say stop yourself, take an assessment of the situation and proactively seek out a solution that make long and short term sense.

Related Articles

  Dream Car Insurance – Buying The Dream Car
  UK Business Finance - Do I Need To Insure My Equipment?
  Take a look at your Forex Broker
  Health Reform Reduces Health Insurance Options for Youth in Connecticut
  Isolation is Fatal - Sales and Marketing Training
  An Ounce of Prevention is Worth a Pound of Problem Fixing
  Building Bares All - Property Insurance
  Team Dysfunction? Perhaps, the Prescription is a PEP Pill!
  Tenant Insurance Makes Everyone a Winner in Self-Storage Facilities
  Secrets To Dropping Your Private Health Care Insurance Premiums
  Internet Business Income Opportunity – The Key Exercise to insure Success!
  Why You Should Invest
  Lowering Auto Insurance Premiums for Young Drivers
  Considering A Home Based Small Business Insurance?
  Five Common Mistakes Made by New Small Businesses
  5 Top Success Factors for Today’s Entrepreneurs
  Information Demanded
  Best Insurance
  Save Poor Performers-Sometimes
  How to Choose the Best Small Business Insurance for Equipment

Related Forum Posts

Re: Do you have an affinity to making money???
Angel Investors-
Re: Money never sleeps
Re: What Do you Prefer More - Time or Money
Someone else's money

Share this article. Fund someone's dream.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Strategic Thinking for Leaders

Blogheads

Five Ways You Could be Wasting Your Time

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.