What Fairy Tales and Myths is Your Financial Advisor Feeding You?

I’ve spent the last two decades proving there are many investing and retirement planning myths, lies, and fairy tales that most people and financial representatives blindly accept as fact.

It’s really not their fault. Wall Street spends billions of dollars every year to brainwash us.

As the late President John F. Kennedy observed…

The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth – persistent, persuasive, and unrealistic. Belief in myths allows the comfort of opinion without the discomfort of thought.”

Here are 3 fairy tales you’ve probably heard from your financial advisor and the facts about each:

Fairy Tale #1: You Must Risk Your Money in Order to Grow an Adequate Nest-Egg

This is undoubtedly Wall Street’s BIGGEST lie.

And have you noticed how they conveniently leave out the part about how, since you’re throwing your retirement savings on a craps table, the market could tank when you near or are in retirement… you could lose 50% or more of your life’s savings… and your dreams of retirement will turn into a nightmare you may suffer through until the day you die?

Nooooooo, they always seem to forget to mention that.

But there is a little-known but proven strategy that should be part of everyone’s financial foundation. It lets you know the minimum guaranteed value of your savings on the day you plan to tap into them… and at any point along the way.

That’s because this strategy bypasses Wall Street and has experienced positive growth every single year for nearly two centuries!

The growth has historically beaten savings accounts, CDs, and money market accounts by a country mile.

This strategy is a supercharged variation of a dividend-paying whole life insurance policy. Options are added that make your equity or cash value in the policy grow significantly faster than the traditional kind of whole life policies financial advisors know about and love to trash.

However, adding these riders also results in slashing the advisor or representative’s commission by 50-70%.

So most financial advisors tell you that you should never buy that kind of life insurance. Instead, put your life savings in the Wall Street Casino… where you’ll have absolutely no idea whatsoever how much money you’ll actually have for retirement!

Want proof this strategy doesn’t work? The average 65-year-old today will live almost 10 years AFTER their savings run out! (Source: World Economic Forum)

Fairy Tale #2: Whole Life Insurance is a Lousy Investment

Your financial advisor will tell you whole life insurance is a “lousy investment”… but life insurance is not an investment at all! In fact, in many states, it’s actually illegal to call life insurance an investment.

Why would calling life insurance an investment be illegal?

According to the Texas Department of Insurance,

Life insurance isn’t an investment. An investment is a financial risk – you might make money, but you also might lose some or all of your money.”

In contrast, whole life insurance comes with many guarantees, and more guarantees than any other life insurance product, including:

  • Your premium is guaranteed never to increase
  • You receive a guaranteed pre-set annual cash value increase – and your gains don’t vanish when the market crashes
  • Your costs are guaranteed never to increase
  • You’re guaranteed to have access to up to 90% of your cash value in the policywhenever and for whatever you want – no questions asked!
  • Your policy has a guaranteed death benefit… and your cash value is guaranteed to be equal to the death benefit when the policy matures

The only thing that’s not guaranteed in a Bank On Yourself-type high-cash-value, dividend-paying whole life policy is the size of your annual dividend.

You aren’t guaranteed to receive annual dividends, which are credited to policy owners in years when the company’s profits exceed their expenses. However, the Bank On Yourself Professionals work with the financially strongest companies in the country that have paid dividends every single year for at least 100 years, including during the Great Depression, Great Recession, the Spanish flu pandemic, and yes, the Coronavirus pandemic… and every single economic bust in between.

To get a referral to one of only 200 financial representatives in the US and Canada who have met the rigorous training requirements to receive the title of “Bank On Yourself Professional,” along with a free, no-obligation Analysis and custom-tailored recommendations, just click this button today:

Fairy Tale #3: Oh, I Can Do That for You

Say you send your advisor one of our newsletters or a copy of one of my best-selling books, and he or she realizes you really don’t want to put all of your eggs in the “hope-and-pray-it-all-works-out” basket they’re pushing.

The next thing you’re likely to hear is, “Well, I can help you set up that strategy.”

If you do hear that, then you might want to ask them, “If you could have done this for me before, why didn’t you?”

CAUTION! If a financial advisor doesn’t structure your policy properly or uses the wrong company or product, your policy could grow much more slowly, lose its phenomenal tax advantages, or both.

It happens more often than you’d think. It happened to the policies my husband and I started when we first learned about this. (I’m an educator and investigator, not a licensed financial professional.)

And that’s why I championed the creation of the Bank On Yourself Professional training program. It’s sponsored by a separate company I have no ownership in, which has decades of experience in this area.

NOTE: Read this if you’re a licensed life insurance agent and you have at least one year of experience in financial services…

You may be interested to know that Bank On Yourself is looking for a few good men and women who have a desire to help their clients reach their financial goals and dreams without taking any unnecessary risks.

You can work with clients “virtually” to provide a safe and convenient experience. It’s a challenging but very rewarding career for those who qualify to be accepted into the program. Not everyone has what it takes to be successful with this concept, and not everyone is accepted into the training program. If you’d like to offer your clients more guarantees and predictability and less financial stress – especially in these very challenging times – you might be a good fit for this program.

Go here to learn more and to see if you qualify for the program.

To apply for the program, go here.

Take Action Today to Ensure Your Retirement Dreams Don’t Turn Into a Nightmare…

If you’re ready to speak with a highly trained and knowledgeable Bank On Yourself Professional who can help you with a variety of safe wealth-building and guaranteed lifetime income strategies, just request a referral and free Analysis here now, while it’s fresh on your mind.

If you take action now, you could soon be experiencing the financial peace of mind you’ve been searching for. So do yourself a favor and act TODAY! Click this button now:


  1. One of the biggest problems with wall street is that people get paid for securing more funds and bigger deals rather than efficiently allocating capital. This means that the best salesmen tend to end up with most resources to manage, rather than the best capital allocator. Which means us little guys often end up with a sub-par service. Now obviously this isn’t ALWAYS true, but the mis-incentives are there and we must be constantly vigilant against this conflict of interest. Because of this coi, I think it’s always worthwhile to look for alternative investment vehicles to the ones that are normally peddled into our face. Thank you for taking the time to write this article, it was very informative.

    • Thanks for taking the time to post your insightful comment.

      If you’re interested in Bank On Yourself as an “alternative investment vehicle” and you’d like to take advantage of a no-obligation Bank On Yourself Analysis that will show you how you could benefit from a Program tailored to your unique financial situation, goals and dreams, you can request it here.

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