Gold 401K

If Obamacare becomes law, you are unemployed should you cancel surrender life insurance policy for cash now?

Because new requirements may be different than your current policy, and if 2% of your income is nothing, wouldn’t it be advisable to cash out now? Of course if many people decide the government plan is the better deal, they will cancel anyways, insurance companies will be forced to liquidate assets, and this will hit the markets, securities, mutual funds and bonds, like a tidal wave, even gold, which often gets sold when other assets are weak, could plunge. So maybe it’s time to liquidate my IRA account from when I had a job, as well? This is not a political debate, this is hard core economic reality, a question of financial survival, cash out now and apply for welfare and food stamps unless I get a job in this wonderful economic recovery I can’t seem to find?

Life insurance is NOT part of ANY version of the plan. That said, you should surrender any ‘cash value’ insurance and buy term insurance either way. Under the BEST of conditions, insurance policies or LOUSY investments.

Alternative investments in your IRA or Roth account, Part 1 of 3