Jayson Lowe says wealthy people buy dividend-paying whole life insurance far more than anyone else, contradicting financial advice that says rich people don't need it because they're self-insured. What wealthy buyers know that others don't.
Who are the largest purchasers of dividend paying, participating whole life insurance contracts as individuals. I'm not talking about entities. It's the wealthy. And yet you have financial entertainers out there who tell you that by the time you achieve wealth, you don't need insurance anymore, you're self insured. So the extremely wealthy are either really stupid and they never got that advice or they know something that you and I don't. Which one do you think it is?
