Replace your life insurance with a self-insurance fund—Living Insurance?

You are more likely to run out of money than die in the 21st Century.

I am worried about people paying for insurance they won't need.

Consider shifting your dollars to a Wealth Reserve based on the shift in risks. Cancer rates for men have fallen 18.4 percent since 1990 when deaths peaked, and cancer-related deaths for women have dropped 10.5 percent since peaking in 1991. Improved screening and treatments for the top killers mean you can live longer but you will need the money to buy the treatments.

After the kids are grown and your spouse is your 401k beneficiary, drop your term insurance. Take your insurance premium and create a Roth IRA or tax-advantaged mutual fund. Invested in low-cost average-market index funds, your $166 a month contributions will become $588,000 in 30 years. With a Roth IRA, that half a million is tax-FREE so you can afford the new drugs or treatments that will be invented in the next 30 years.

If you keep your old insurance policy, or buy that long-term care insurance your advisor talks about, you may not be able to afford those new treatments. You have read the forecasts for social security and Medicare! You are more likely to need the money for life than for your heirs. Give them $10,000 and let them invest it themselves. See our FREE Guide: theinsidersguides.com/freeguide.html

You would have to die or move to a nursing home to receive a benefit from that premium of $166 a month for 30 years. You don’t know what will happen in the future and neither do I.

If you need nursing home care, $588,000 will get you into one of the best. If you need the treatments to keep you alive and kicking, $588,000 will help with that INSTEAD. If America adopts free health care in time, you can use the $588,000 as a life insurance benefit. All the earnings are tax-FREE to your heirs, just like life insurance.

If you don’t need medical treatments or nursing home care, you could have a big party. $588,000 buys a whole florist for your funeral too.

If your don’t believe me, do the calculation yourself at http://www.moneychimp.com/calculator/compound_interest_calculator.htm

Members of our network consider self-insuring the risk of outliving your money. They buy Living Insurance: http://www.theinsidersguides.com/selins21.html.