Brian: I’m very familiar with participating whole life insurance. The benefits of a Life Insurance Audit is that they work for all policies, permanent and term. I think there is more of a need for the audit with Universal Life policies and Whole Life policies since, as I’m sure you know, all whole life policies are not created equal. Thank you for adding to the conversation and making some great points.

I am from Toronto, Canada. I think that people here have the same ideas about permanent life insurance which is unfortunate. The type of insurance I believe you are talking about is UL (universal life) extra money is invested in the market, which we know is #@$?! The Dow Jones in Canadian dollars is about -5% for the year!

Ok what is better? We both have it in both countries, it has been around for over 100 years. It is particpating whole life insurance if you look at the dividends for 2008 it was about 7% or better. They have never had a negative year, plus you can get the money out tax free. The fact the IRS limits you on how much you can put into into it (Just like Canada) tells you it must be a good thing! Drop me a line and I can go into more details. In other countries like New Zealand, UK etc. you can’t buy it! Anyway if you are interested I can go into more details drop me a line.

Mike