All in the Family – Introducing Family-Owned Life Insurance™ (aka FOLI) | Gerald Nowotny – Law Office of Gerald R. Nowotny

Overview

Perhaps you are tired of reading that I grew up in the Panama Canal Zone, but it is one of the last bastions of American colonialism. Personally, I do not like the word “colonialism” because it inevitably conjures up negative images associated with capitalism gone wrong. It is a word that left leaning Latin Americans with a distant memory of Che Guevara, have in mind when they of American imperialist “pigs.” All of this being said while Latin American turns hard-left again.

When the Panama Canal Treaty was being negotiated, our favorite “roving” reporter Geraldo Rivera was on the scene to investigate. His reporting on the Canal Zone and the Zonian lifestyle did not help the cause. Limousine liberals and the NY Times wanted to portray the Americans in Canal Zone as the operators of a federal plantation where people with dark skinned lived-in segregated communities and where the U.S. trained Latin American military leaders at the School of the Americas to support dictators who supported the United States. Where was Dan Bongino when you needed him?

Unlike most Americans, TV watching was limited. The only English TV was on Channel 8 on the military AFRTS channel. The channel came on the air at 4:30 in the afternoon and went off the air at midnight as I recall. College football games were shown two weeks after the fact. Most of the shows that the rest of you take for granted like Leave It to Beaver, Green Acres, et al, we did not have. We were able to watch The Adams Family, Three Stooges and Scooby Doo, in Spanish. The one show that we were able to watch was All in The Family. As an American who never lived in the United States, the show provided me with a window of what was going on in the United States.

Most of you that have read my articles know that I write frequently on the topic of private placement life insurance (“PPLI”) and tax planning using the product. I have worked as a home office employee, consultant, broker, and attorney in PPLI for the last…

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