Insurance agents tend to try to confuse you by combine insurance and investment as a way to invest for your any financial goal such as child’s education and marriage or for retirement planning. They would tell you the combined benefits that the investing component serves as forced savings, saved for taxes and life coverage. But, they would never tell you that investing component is generally a poor investment as it is a very costly way to invest. There’s the cost of the insurance protection itself – which, by the way, is usually more expensive than what you would pay for a regular term insurance policy.
Posted on: Fri, 24 Jan 2014 04:14:36 +0000
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