What if I died or was incapacitated using my new Loomis, would I want it to be difficult for my wife to access funds that may be needed?
The wife will get a lot more money from insurance when I die than out of my bank account.
And when it's your time to go, do you want your widow using your money to buy her new squeeze a pair of silk undies to wear while he sits on your couch, scratching his acorns, watching your t.v?