What is your stock broker , investment advissor or discretionary money manager not telling you ?

A number of investment advisor's are oblivious to potential problems you can face in your golden years from health issues . I have seen a number of advisor's telling their clients to buy permanent insurance , section 148 of ACT , to accumulate wealth through tax deferred growth within a permanent insurance policy . While at " times " this makes a whole lot of sense for " some " clients they are absolutely not seeing a potential problem in later years .

There are a million financial planning tools that can tell you how much money you " may " be able to retire on however they can not show you what happens if you have to take a 450000 dollar withdrawal to get health treatment in US for bone marrow transplant . Think about this , what if you and or your spouse had a 2000000 dollar Critical Illness or Long Term care policy to protect your financial well being . Things like private duty nursing are very expensive but not properly covered by our health system . We all have another huge problem , many of us are baby boomer's , the health system is already busting at the seams and we can not expect it to get any better soon . Insurance coverage like Critical Illness and Long Term care should be considered as buckets of money that many of you may need . So for all you " MONEY " advisor's , for God sake wake up and help your clients protect themselves by sending them to a specialist that is able to help them protect their lifestyle . Unfortunately , bank investment advisor's are only allowed to send their clients to a insurance salesman that works for the bank selling traditional life policies . I must say that there are those bank employees who realize their clients need specialists in insurance and do call us however , they could lose their jobs if caught . There are people who care more about the client then the company or bank they represent , they should be congratulated . Am I being harsh , absolutely not as I am just telling the truth ! Insurance advisor's , take time and learn products from various insurers so you can give informed advice to your clients . Help your clients and do your job by providing them with specialized advice to protect their wealth .