Bad debt is debt that is used to enhance consumption.
It's not like law or medicine where there are extraordinary standards.
If there is a positive thing to say about war, [it's that] it can be a wake-up call for people to get their financial life in order.
If you have options all you have is the promise of money. It's like the lottery.
War gets people thinking about mortality even if they aren't going to be doing any fighting themselves, ... Now's a good time to look at whether you have the right life insurance coverage and to make sure your estate plan is in order.
Basically, the concern of NAPFA is the extraordinary expense often associated with these insurance policies, ... The problem with a lot of these high cost products is that they attempt to push hot buttons with consumers. They ask, 'do you want to pay taxes?' Obviously, you don't. But the NAPFA approach is to look at your overall financial picture and do it on an unbiased, non-partial basis.
This is something I approach delicately with my clients.
There's no good rule of thumb for insurance since people have such different situations.
You should get good, unbiased advice. It's an intricate analysis.