Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Jags who wrote (24757)	8/21/1998 7:47:00 AM
From: Tommaso	Read Replies (2) of 94695

I think I implied pretty clearly that if a big credit contraction occurs, there could be bankruptcies that would affect many insurance companies' investment portfolios. Yes, I am worried because my life insurance cash value is not in fact guaranteed by the government and at best there might be a delay in collecting it. If I like, I can take the 5% loan and pay off a mortgage and save interest money, even allowing for the tax deductibility of the mortgage. But until I think about it some more I will park it in the bank, where it will be available for reinvestment wherever I see fit, instead of possibly tied up in someone else's financial troubles. So yes, I am uneasy at leaving that money with the insurance company.

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