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In Reply to: Re: Re: Re: The LEAP System posted by frank on August 10, 2001 at 22:48:24:
Frank:
Whenever you are worth more alive than dead, you are probably buying too much insurance. Also that seems like alot of coverage in terms of your assets. Is your income such that you would suffer that kind of loss or pay that kind of taxes, should you die?
Agent
: : : Frank:
: : : what company is offering you the LEAP System, Personal Financial Engineering? Tell us more so we can respond.
: : : Agent
: : : : Has anybody heard of this "LEAP System", Personal Financial Engineering? It sounds too good to be true. I am working this process now on my own personal finances, and I am really quite amazed at what I am learning. Why doesnt everyone do this? Why hasnt anyone commented on it? Is it real? Is there any other information from a third party about it? Is there anyone who has done it for more than 5 years? What kind of long-term results can i expect?
: :
: : No company is "offering" the LEAP to me. The woman I am working with is an Independant and is also a Registered Investment Advisor. Since my last post I have applied ofr $1,500,000 of life insurance coverage with Canada Life, and Guardian, and Layfayette Life -- she said it would be prudent to take the best offer. I will subsequently purchase two poliices -- one whole life -- a high early cash value contract she called it, and a term policy so as to reach my full human life value. I like it and I agree. I also invest a substantial ( low 6 figures ) sum of money with her in a WRAP account. I also applied for disabliity insurance with Guardian and Ohio National -- I don't know which one is better yet. The Ohio Nat'l will give me back all of my premiums if I never have a claim, but Guardian she says is a better DI carrier. Which one is?
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: UDATE FROM FRANK -- I mistyped myself I applied for $2,500,000 of insurance coverage -- roughly 15 times my income. She called it Human Life Value. We plan to convert the term over the next 5 to 10 years to WL.