“There is only one kind of life insurance, and that is pure protection based on a mortality table. All others are pure protection plus a cash value element that I call 'funny' banking.” KindValuesPureElementsTablesProtectionPlusMortalityCashBanking Book:Money dynamics for the new economy Source: Money dynamics for the new economy
“The person who takes no chances generally must take whatever is left over after others have finished choosing. Overcaution is as bad, if not worse, than lack of caution. Both should be avoided. Life will always contain an element of chance. Not to win is not a sin. But not to try is a tragedy.” IfsShouldTryingPersonsWinningLeftChanceSinRiskElementsTragedyFinishedCautionAvoided Book:The power of money dynamics Source: The power of money dynamics