Is it Right to Consider Insurance as an Investment?

Many people mistakenly believe that insurance is an investment that you buy for its benefit. Almost all life insurance policies are purchased for risk management, not to provide cash in the event of an unexpected death. Most of us still own other life insurance policies that provide a death benefit in case we die prematurely. It’s intended to pay off debt or to provide a survivor income. Because of its tax advantages, life insurance can … Read more