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What About Wealth?

What About Wealth?

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February 28th 2012:Why Do Billionaires Buy Life Insurance?

WHY DO BILLIONAIRES BUY LIFE INSURANCE? Don’t they have enough money already to protect their heirs? What do they know that we don’t? Why do estate planners always talk about life insurance? Are they just trying to sell us something? Even the lawyers and CPA’s who don’t sell life insurance seem to talk about it. Why does life insurance seem to be so controversial? Why do some people talk about it like it’s a religion (I don’t believe in life insurance!)? Is life insurance a scam or an effective tool, or both? How can we tell the difference? How can we know if we have enough or too much?

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Featured Guest

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Jerry Borrowman

Jerry Borrowman is a 32 year veteran of the life insurance industry and serves as a lifetime member of the American College Alumni Association Advisory Board of Directors in Bryn Mawr, Pennsylvania. He is the 2011-2012 President of the Salt Lake City Chapter of the National Association of Insurance and Financial Advisors. Jerry earned his Masters Degree in Financial Services in 2000 and has worked as Vice President of Advanced Solutions for Beneficial Life Insurance Company. He currently works as an independent adviser helping clients solve problems in estate planning, business succession, key executive compensation, charitable giving strategies, and retirement income. A noted author, Je
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