Deep value play, page-163

So much changes, so much stays the same.

For many,  employment was not permanent,  often not regular,  long term superannuation terminated when left jobs,  not as easy as today.   

Today regularly meet people who can benefit from similar. 

Decades ago the AMP agent who visited my rural location explained clearly most of the first two years payments AMP would use to pay him,  with coverage for insurance to cover serious injury/death started as soon as policy signed and paid. 

Decades ago the AMP agent also provided detailed charts showing surrender values of policies rising rapidly in third year ,  so could then consider obtaining loans from AMP using ~80% policy surrender value as security. 

AMP people regularly recommended do not draw max available, always keep a buffer zone to cover policy continue payments in case suddenly injured and off work, with less income.

AMP people certainly  reduced "what if"  concerns of self with spouse and child if suddenly unable to work or worse...

Failing to plan,  is planning to fail...