More neat Facts for LIAM
Over 75,000,000 families in the US rely on Life insurance for family protection
Are you inside that Circle of Protection or outside? If not inside Why not???
US Life Insurance Companies pay out $1.5 Billion every day in benefits!!
That's a close second to Social Security which pays out $1.9 Billion per day.
At least with Life insurance we know there are the assets to back up the full value of their future obligations.
Life Insurers have to have over $100 in assets for each $100 in obligations
The banks FDIC Reserve have less than $5-10 in reserves for every $100 in insured Deposits!
The Federal Government has well over $17 Trillion in Deficit to guarantee or let me say back up their obligations.
In the past 13 years almost 500 banks have gone bankrupt in the USA
In that same time only a handful of Insurance companies have needed to be taken over.
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