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Started right back -- New York City nearly forty years ago this is one of a handful of enduring bands that have built their audience steadily continue to make their founders.
Millions and tens of millions.
Keep it real around here from -- cards lunch -- comic books action figures I animal that gets me the phantom and that I'm VHS they'll actually.
Gene Simmons family jewels -- -- fifth season.
Well our next -- the true king of all media but welcome.
Gene Simmons and cool springs president and CEO Sam Watson.
Who tell us about among other things team's latest business.
Insurance -- now -- it's almost there close but no guitars here's what it is.
We are at first two words like life insurance and life insurance agents they mean well but it's Thomas -- the best thing look.
Let me just tell you my story it's very very quickly.
I -- a child.
Of an immigrant I came to America as eight year old boy and discovered the land of milk and honey it's right here -- yeah.
Even though I was born in Israel this is on the milk and honey where anything's possible godless Americans that it's actually the correct phrase.
And I came up through the American system the hard way you work at it.
And all doors are open and so I -- -- grave I became.
An assistant to the -- -- interagency council did all kinds of stuff eventually wound up in the band.
And we did very well it's our 36.
Year we have 3000 license -- everything from kiss condoms to kiss caskets.
We'll get that comment and we'll get you're going.
I I -- I like this come away and I what I just wanted to tell -- the basic premise so here I am as a high net worth individual.
And it's my responsibility.
What you said something before is very telling it's my responsibility in your responsibility and ignorance.
Is not only no excuse -- little bottles sold -- used for business.
And it is your business to -- not your choices in life.
The most difficult choice I'm gonna have to make is my estate plan.
-- state plan means life insurance the president I voted into office -- his -- I voted for President Obama.
I'm being told is going to raise my estate tax after -- paid 50%.
Thereabouts plough and and -- tax dollars for the government fair enough to give -- nuclear armed forces and an infrastructure.
My estate tax is gonna go up to 55%.
In the next twelve months.
After a million dollar deduction so my choices are die and now.
No war in twelve months pay an additional 55%.
New -- -- -- -- you are very much there are a lot of people out there ward are very upset with -- -- these states -- that is is that it's on the big -- so what -- so what do we do what do we do what do what you could bottom out.
None of them does have a lot of quotes about that's what we're -- that's what does -- private -- what those 5% of the population.
That makes the economy possible that pays the majority of all taxes in the United States what are your choices your choices are.
You should find out about cool springs life dot com you can spelled out -- -- cool -- live.
Dot com find out one of your choices how about being able to borrow.
Any amount you want.
At the Libor flat.
To fund your life insurance policy and that means that from the interest accrued from that you'll be able to pay off life premiums auction and -- They dilute a ticket to Vegas got you know got a getting your colleagues here as well Tom Watson yeah thank you -- Right so indeed explains it very nicely there if I understand this correctly again if I have a life insurance policy.
You'll let me borrow money off -- it adds Libor -- Well not exactly.
-- -- -- -- What -- what we're going to do is a cradle to grave approach which -- provides you a life insurance policy.
Work with your council instead it is set up trust for it and then arrange financing as -- said it flat -- -- funded.
And when you look at some of them really nice policies it just been released recently by some of the major companies like ING is making -- Sandra.
Those those are -- high accumulation cash value products and they have.
Higher crediting -- so we've got an arbitrage here between the borrowing rate and the -- right.
I like -- -- what that means there's grabs you got about thirty what's the lesson last word here is the idea go to cool springs dot com to find out what this is about.
Cool -- -- dot com it'll it'll -- it'll show me high net worth individual how not to have cash out of pocket.
And how to be fund my life insurance policy do you guys like that.
Yeah yesterday but it is -- -- I think.
Silly remarks Monday little out this season in Monday's season five of Gene Simmons family jewels coming up one last thing to do before we go to break.
Am I yeah.
How exciting -- guys sorry.
On tap -- lets you know why you should always be fighting against the bed in today's shot clock -- -- street -- it's all about health care and the timeline this against a team stay with us more happy hour -- a moment.
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