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If your parents had been good to you, you would be
able at age 65 to borrow $1 million from the bank and
not pay it back, not even the interest!
Sound impossible?
Here's something that sounds even more impossible: You
would be able to find out how much the interest payments
would have been and deduct them from your income tax!
Believe it or not, that can be done, legally.
Unfortunately not enough people know that's one of the
benefits of a certain kind of life insurance policy
that your parents could have started when you were born.
Not enough people know many similar benefits about life
insurance, says the author of this book, Gopala Alampur,
an insurance agent in Toronto.
For example, you probably think that bank mortgage insurance
is a good deal - if you die before the house is paid
off, your beneficiary gets it mortgage free.
But if you die half way through paying the mortgage
and had life insurance, at about the same cost, your
beneficiary would get not only the house, but the rest
of the face value of the insurance. To put it into figures:
If you had a $300,000 mortgage and died after you had
paid off $200,000, life insurance would give your beneficiary
$300,000. Bank mortgage insurance would give you $100,000
only. The bank gets the other $200,000.
Alampur, a member of the Million Dollar Round Table
for 29 years, has an unusual approach to life insurance
that combines the interest of clients, intelligence,
creativity and financial acumen.
His book, 72 pages in soft cover, sells for only $9.95,
a bargain as an investment in your financial future.
Price $9.95
softcover
ISBN 1-894601-14-9
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