Apr 21
Life Insurance as an Investment
This video from CNBC talks about using a permanent life insurance policy as an investment. Permanent life insurance policies, such as universal life or whole life, are in fact good investments. However, the problem with them is that they’re so expensive people end up dropping their coverage and are left with two problems – a loss on their investment and the bigger issue: no life insurance coverage. Permanent policies are three times the cost of term policies. If you can afford a permanent one and you are going to stay with it, then it’s a good deal. If not, then it’s a horrible one.
http://www.cnbc.com/id/15840232?video=697206891
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January 7th, 2010 at 7:37 pm
I’ve been giving a lot of thought to this lately, and I think it’s something that more people should be focusing on. We can’t expect to get anywhere if we just keep our heads buried in the sand.