I was informed by Kim Buter, representative of The Guardian Life Insurance Company that a million dollar Whole Life policy would be best for my situation. The policy was verbally explained to be the BEST place to put my money until I decided to purchase real estate. Kim went on to say, "it is how the rich protect their money from taxes plus, I will show you how to spend our "death benefit" before you die."
Because of the personal relationship I had with Kim through Robert Kiyosaki author of Rich Dad, Poor Dad and the level of "trust" I placed on our relationship, I absolutely believed her promises over the legal words written on the actual agreement. She would explain the agreement away by saying, "it is OK, you are new to all this and it will take a while to get your head around the language though what I am telling you is right."
I said to Kim that if it was not for the personal relationship and trust I had in her, there is no way I would move forward with a Whole Life insurance policy considering I still do not understand why a single, no dependants person would need a million dollar life insurance policy. Again, she would verbally explain the written information away and provide the certainty that I was doing the best with my money.
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