Willy Frittscher's IRA Comparison

UFA is a trademark, commonly used by vendors wishing to market their products in the United States. The term, according to Webster's Dictionary, is "a term describing a person: an individual who has been insured by an agency." Similarly, UFA is "an insurance policy, issued by an employer, that provides disability and life insurance benefits to employees." Similar terms, such as disability income, welfare benefits or old-age insurance may be referred to as UFAs, but UFA is the more common term. Thus, when one discusses UFA, one is actually talking about a type of insurance contract, rather than a broad term for insurance.

There are several differences between a standard contract and an ufa. A standard contract typically provides coverage for one year, while an ufa provides coverage for three years. One other difference is that, with an ufa, the coverage begins at the date of hire (as opposed to at the time of signing up for employment), whereas coverage with a standard contract usually begins with the first payroll period. Also, with an ufa, all future increase of coverage is dependent upon the revenue received from premium performance.

A typical ufa will include coverage for a named beneficiary or beneficiaries, a disability income amount, a death benefit, an emergency benefit, an estate and settlement income, an agreed upon purchase price for the named property, an agreed upon buyback value, and additional benefits such as reimbursement for medical expenses and loss of earnings. In addition, an ufa can provide disability income for a named beneficiary, an estate, or a group of named beneficiaries. Usually, disability income is defined as the difference between the disability benefits stated in the original agreement and the greater of the disability benefits and the federal poverty level. Buyback is defined as selling the total assets of the insurance plan and the plan's death benefits to a named beneficiary. With these additions, an ufa becomes significantly more valuable than a standard contract. Click here for more details about ufa

A standard ufa is generally much less valuable than an ufa that provides twenty four month coverage at a per annum premium rate of seven.5 million dollars. That is, a one year ufa gives away almost one million dollars every three years, while a seven.5 million dollar plan gives away nearly eight million dollars every year. A person who purchases an ufa at full potential can expect to receive a premium of two hundred and sixty thousand dollars per year. This would be an amazing amount of money for most, especially when one considers that it is completely tax free.

The value of an ufa is calculated by taking the annual cost of health care, which is currently at about two billion dollars per year, and subtracting the amount that the average family can pay out of pocket on their own. Once the total is subtracted, the family's net worth is found. The difference between this number and the amount of the premium is the profit that the insurance company makes from its customers. While an ufa may not provide the same return on investment as a traditional ira, it does provide an excellent return on investment for many savers. The best return on investment comes from the younger generations, with amounts ranging from forty to seventy percent on their investments through ufa plans.

Willy Frittscher made the statements in his book "The Four Pillars" that investing through an ufa plan is more effective than a traditional IRA. His statements have since been proven wrong by recent reports released by the Government Accounting Institute and the Employee Retirement Income Security Commission. According to Frittscher's statements, "The IRA is a scam... Kids don't buy an ufa because they believe in the IRA." His statements, however, are not supported by any facts, as the ira has proven effective for generations of American citizens.