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	<title>Bank On Yourself: Grow and protect your financial future &#187; incorporate a special rider or option</title>
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	<description>Grow and protect your financial future</description>
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		<title>Suze Orman and Dave Ramsey: Let&#8217;s debate!</title>
		<link>http://www.bankonyourself.com/suze-orman-and-dave-ramsey-lets-debate.html</link>
		<comments>http://www.bankonyourself.com/suze-orman-and-dave-ramsey-lets-debate.html#comments</comments>
		<pubDate>Sun, 15 Mar 2009 01:17:54 +0000</pubDate>
		<dc:creator>Pamela Yellen</dc:creator>
				<category><![CDATA[Dave Ramsey]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Stock Market Investing]]></category>
		<category><![CDATA[Suze Orman]]></category>
		<category><![CDATA[Term vs Whole Life Insurance]]></category>
		<category><![CDATA[Dave Ramsey - let's debate]]></category>
		<category><![CDATA[dividend-paying whole life]]></category>
		<category><![CDATA[incorporate a special rider or option]]></category>
		<category><![CDATA[put the money you save in mutual funds]]></category>
		<category><![CDATA[Suze Orman - let's debate]]></category>
		<category><![CDATA[Suze Orman and Dave Ramsey: Let's debate]]></category>
		<category><![CDATA[What Dave Ramsey doesn't know about Bank On Yourself]]></category>
		<category><![CDATA[What Suze Orman doesn't know about Bank On Yourself]]></category>

		<guid isPermaLink="false">http://74.50.50.246/?p=1676</guid>
		<description><![CDATA[UPDATED January 13, 2012:  It&#8217;s been more than 3 years since I challenged Suze and Dave to a debate, but they haven&#8217;t taken me up on it yet.  This post sparked some very lively debate and insightful comments, so be sure to read those, too. If Bank On Yourself is so good, why isn&#8217;t everyone [...]]]></description>
			<content:encoded><![CDATA[<p>UPDATED January 13, 2012:  It&#8217;s been more than 3 years since I challenged Suze and Dave to a debate, but they haven&#8217;t taken me up on it yet.  This post sparked some <em>very</em> lively debate and insightful comments, so be sure to read those, too.</p>
<h2>If Bank On Yourself is so good, why isn&#8217;t everyone already doing it?</h2>
<p>Here&#8217;s why&#8230;</p>
<p>If you browse the personal finance section of any bookstore, turn on the TV or open a magazine on finance, you&#8217;ll discover that 99 out of 100 financial &#8220;gurus&#8221; will insist that whole life insurance is a lousy place to put your money.  Most will recommend you buy term life insurance instead and invest the difference in mutual funds.</p>
<p>That’s in spite of the fact that, had you invested in an S&amp;P 500 index fund for the past 12 years, <strong><em>your nest-egg wouldn&#8217;t have grown at all</em></strong>.  <em>And that doesn’t even factor in 35% inflation during this period!</em></p>
<div id="attachment_16082" class="wp-caption alignright" style="width: 204px"><img class="size-full wp-image-16082" title="Suze Orman &amp; Dave Ramsey" src="http://www.bankonyourself.com/wp-content/uploads/1-16-2012-11-11-08-AM.png" alt="Suze Orman &amp; Dave Ramsey" width="194" height="173" /><p class="wp-caption-text">Suze Orman &amp; Dave Ramsey</p></div>
<p>But I&#8217;m getting a little ahead of myself. Part of the problem is these financial experts know <em>nothing</em> about the <em>specially designed</em> type of dividend-paying whole life policy used for the <a title="What is Bank On Yourself?" href="/home">Bank On Yourself method</a>&#8230;<span id="more-1676"></span></p>
<p>It&#8217;s not really their fault.  Out of 1,500 major life insurance companies <em>only a handful offer a policy that has all the features required to maximize the power of this concept</em>. That&#8217;s one reason it&#8217;s not even mentioned in most industry training programs.</p>
<p>And the fact that <a title="Learn more about the Authorized Advisors..." href="/certified-advisors">an advisor who helps a client implement a Bank On Yourself-designed policy</a> takes a 50-70% cut in commission could be another reason why you haven&#8217;t heard of this before now.</p>
<h3>So how is a Bank On Yourself<em>-</em>policy <em>different</em> from the kind of whole life policies Suze Orman, Dave Ramsey, David Bach, and others talk about?</h3>
<h4><strong>Here are three key differences:</strong></h4>
<p><strong> </strong><img class="alignleft size-full wp-image-12780" title="Key difference image" src="http://www.bankonyourself.com/wp-content/uploads/Key-difference-image.jpg" alt="Key difference image" width="32" height="58" /><span style="color: #800000;"><strong>Key Difference #1: </strong></span> These experts say the money you can have access to in the plan (your &#8220;cash value&#8221;) grows too slowly in a whole life policy, and say you typically won&#8217;t have any cash value at all in the first few years.</p>
<p>A Bank On Yourself-type policy, however, incorporates a special rider or option that turbo-charges the growth of your money in the policy <strong>so you have up to 40 times more cash value<em>, </em></strong><strong><em>especially</em> in the early years of the policy</strong><em>.</em> This allows you to use it as a financial management tool from Day One.</p>
<p>Don&#8217;t take our word for it &#8211; here&#8217;s a statement from a <a title="What the experts don't know..." href="http://www.bankonyourself.com/what-the-experts-dont-know-about-bank-on-yourself-policies-part-1.html">Bank On Yourself-designed dividend-paying whole life policy</a>, at the end of just one year.</p>
<p>And here&#8217;s an <a title="What is the rate of return on Bank On Yourself?" href="http://www.bankonyourself.com/whats-the-rate-of-return-on-a-bank-on-yourself-plan.html">article that reveals the rate of return of a properly designed Bank On Yourself type policy</a>. It puts traditional investments to shame, and it does that with<em>out</em> the risk or volatility of stocks, real estate, gold, commodities and other investments.</p>
<p>Each plan is different, so to find out how much cash value you&#8217;ll have each year &#8211; guaranteed &#8211; <a title="Request Your Analysis today..." href="/analysis-request-form">request your FREE Analysis here.</a></p>
<p><img class="alignleft size-full wp-image-12780" title="Key difference image" src="http://www.bankonyourself.com/wp-content/uploads/Key-difference-image.jpg" alt="Key difference image" width="32" height="58" /></p>
<p><span style="color: #800000;"><strong>Key Difference #2: </strong></span>Most financial experts, including Suze and Dave, write about policies where your death benefit stays level for the life of the policy.</p>
<p>However, in a <em><a title="What is dividend-paying whole life insurance?" href="http://www.bankonyourself.com/what-is-dividend-paying-whole-life-insurance">dividend-paying whole life policy</a></em>, dividends can be left in the policy to purchase additional coverage, while at the same time growing your cash value in the most efficient way possible.  <a title="What the experts don't know about dividend-paying whole life..." href="http://www.bankonyourself.com/what-the-experts-dont-know-about-bank-on-yourself-policies-part-2.html">This policy statement shows you how the death benefit keeps growing,</a> and <em>proves</em> these policies are different from the ones Suze and Dave talk about.</p>
<p>Please note that this statement is from a policy I started <em>before</em> I learned about Bank On Yourself<em>,</em> and it has grown <em>much</em> more slowly than a policy designed to maximize the power of the Bank On Yourself concept.</p>
<p>Even so, <a title="Compare traditional investments to Bank On Yourself..." href="http://www.bankonyourself.com/compare-your-plan">this policy has left my mutual funds and real estate investments in the dust.</a></p>
<p><img class="alignleft size-full wp-image-12780" title="Key difference image" src="http://www.bankonyourself.com/wp-content/uploads/Key-difference-image.jpg" alt="Key difference image" width="32" height="58" /></p>
<p><span style="color: #800000;"><strong>Key Difference #3: </strong></span> The financial experts often rant about how, when the policy owner dies, the insurance company &#8220;only&#8221; pays you the death benefit and keeps your cash value.</p>
<p>But with a Bank On Yourself policy it&#8217;s <em>very</em> different, as you can see on <a title="What the experts don't know..." href="http://www.bankonyourself.com/what-the-experts-dont-know-about-bank-on-yourself-policies-part-2.html">this policy statement</a>.   It shows you how, had I died on the date this statement was issued, my family would have received a check for <em>more</em> than the original death benefit AND the cash value in the policy <strong>combined!</strong></p>
<blockquote><p>So I am throwing out the gauntlet to Suze, Dave or <em>any</em> expert who wants to challenge me.  Just name the time and place!&#8221;</p></blockquote>
<p>I&#8217;m so confident that they&#8217;ll come around once they get the facts about Bank On Yourself, that I&#8217;ve reserved a special place for their endorsements along with the <a title="See who endorses Bank on Yourself!" href="/endorsements/">trusted experts who have already endorsed Bank On Yourself</a>.</p>
<p>And remember, Bank On Yourself will beat anyone&#8217;s best financial strategy or <a title="Take the $100,000 Challenge..." href="http://www.bankonyourself.com/challenge/">we&#8217;ll pay you $100,000</a>!</p>
<div class="button alignright" style="margin: 20px 10px 20px 20px;"><a class="button request-analysis" title="Request a FREE Bank on Yourself Analysis" href="/analysis-request-form"></a></div>
<p>No two policies are alike, because each one is tailored to the clients unique situation.  So <em>your </em>results will be different. To find out what your bottom-line numbers could be, and how much your financial picture could improve if you added Bank On Yourself to your financial plan, <a title="Request your free Analysis here..." href="http://www.bankonyourself.com/analysis-request-form">request a <strong>free</strong> Bank On Yourself Analysis</a>.  There&#8217;s no obligation.</p>
<p>Be a fly on the wall and watch as our hidden video camera captured <a title="Suze &amp; Dave discuss Bank On Yourself..." href="http://www.bankonyourself.com/suze-orman-and-dave-ramsey-discuss-bank-on-yourself.html">Suze Orman and Dave Ramsey discussing Bank On Yourself</a>!</p>
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