Phillip Cannella Media: Phil Cannella Says Insurance Products are “Sleep Well” Accounts

Phil Cannella – Phillip Cannella Media: Phil Cannella focuses on financial vehicles that are crash proof and in so doing he has latched onto the insurance industry that provides numerous products that accomplish this purpose. In fact, Phil Cannella makes a strong case against a retiree investing large portions of their assets in the stock market as they are at risk to unpredictable losses. This unpredictability gives many sleepless nights.  Why should people in their retired years have to deal with this asks Phil Cannella.

This is why Phil Cannella designed the Crash Proof Retirement system and in his words: “The insurance industry could very well be a retiree’s number one ally.  That’s why I call insurance products ‘sleep well’ accounts, because if the market crashes, you’re not going to jump out of bed worrying about where your account went.  You’re going to sleep well no matter what economic conditions are.  If the markets go up, you sleep well knowing that you’re making money.  If they go down, you still sleep well because you don’t have to keep your eyes glued to the news on TV to see how much money you’re losing.  Your portfolio is protected against a downswing, but it will grow with the upswing.”