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A Savings Vehicle That Makes All the Difference

Missed Fortune – How Safe is Your Money?

Posted on | February 23, 2010

Is your money safe?

Customers of 1st American State Bank of Minnesota must have been wondering if theirs was when regulators recently closed its doors for good.

As of February 5, 1st Bank was the sixteenth bank to fail so far in 2010. Last year the U.S. saw the failure of 140 banks, which CNN Money reported was the “highest since 1992, when 181 banks failed.”

While 1st Bank customers were protected by the FDIC, with more bank failures predicted for 2010, you have to ask how prudent it is to keep serious money in the care of banks – especially when the future stability of the FDIC is coming into question.

The FDIC was $8.2 billion in debt as of September 2009, (which included $21.7 billion earmarked for future bank failures). What’s more, too many people hope to get long-term rewards from short-term savings vehicles like banks’ money market, CD and similar accounts.

Now more than ever it is critical to find safe places to put your money.

And it’s important to analyze your options for retirement savings vehicles that will yield optimal long-term benefits, as well as liquidity, rate of return and tax advantages.

Maximum-funded, tax-advantaged life insurance contracts can provide all of the above.

Learn now how these retirement savings vehicles can make a difference for your future. Because you deserve to feel confident that your money is safe.

Isn’t It Time You Became Wealthy?

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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