Why is Warren Buffett and Berkshire Hathaway buying up the cash value policies that people want to surrender? Its simple, its the tax free return on investment. The chances of everybody passing away is 100%.
Warren Buffetts rule number 1 is never “Don’t Lose Money” and rule number 2 is “Read Rule Number 1″
check out this article on Cash Value insurance.
http://blog.riscario.com/2007/10/does-warren-buffett-buy-term-and-invest.html
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