Why is life so complicated? The list of culprits includes tax code writers, whoever it is who comes up with the rebate procedures for electronic gadgets, and life insurance salesmen.rnLong ago life insurance was simple. You bought protection so that if you died young your kids wouldn't have to beg for food. Now you have all kinds of enhanced features to contend with: Guaranteed Minimum Income Benefit, Return of Premium, Equity Linked Universal Life, Lifetime Withdrawal Guarantee. What should be plain old death protection has become wrapped up in an actuarial hair ball that, for no socially desirable reason, mixes insurance with investment. Now you need consultants and computer programmers to make a decision.
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