ABSTRACT
Life insurance is safer than most investments. If a part of the investment is in a home, it may rise in value. With deflation, the money actually received has a greater buying power, but the danger of total loss of investments is very great. The safest investment is in education. This is the only investment that has any assurance of stability for a lifetime. If inflation occurs, all the investments are secure, but the buying power of the life insurance and annuity declines. By the time investment ideas have been shifted to a deflation philosophy, recovery may occur. If money is available for additional investments, government bonds or mortgages are advisable. Ownership of evidence of indebtedness such as annuities, mortgages, bonds, preferred stocks, and hoarded money are a protection against deflation to a certain extent. If the deflation is severe the debtor may not be able to pay.
