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at zander.com. My question is this. Back in the mid-80s, I had a young family, and I was convinced

that, hey, I should have life insurance. Well, I got hooked up with a life insurance company

at the time. It was called Mutual Life Insurance of, well, the Mutual Life Insurance Company

of New York, you know, obviously the name now I think is just money. But I was, I actually

signed up for one of the, what they referred to as the vanishing premium policies. Oh, no.

And the story was you pay, you know, for 10 years, and I think I paid like $145 a month,

came out of my checking account for 10 years, and the deal was that I was thoroughly convinced

by the, obviously, the life insurance person that, hey, once this is done, you know, you won't have to pay

another premium ever.

You're done for.

And so after the 10 years was up, I, yeah, I think I meant it had one year where I didn't

make a payment.

But then the next year, it was like $3.50.

And then I think the year after that was 450 and so for about three or four years

I actually made those payments and they hit about to 2000s and I was in a little bit of a

money slope or a crunch and so I just said hey you know these guys at the time the policy

value was close to $40,000 that I paid in over all that time.

And so I'm thinking, geez, they've got my money.

They've got it invested somewhere.

I mean, and finally, I realized that so much of what they were charging me was these exorbitant processing fees and all.

So anyway, I got ticked off of the situation

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