How to Look at Life Insurance as a Tool for Investing

You are a prime candidate to have a heart attack in the middle of the street. Be fair to yourself and good to your family. Slow down. There is No rush after all those years when your body was not showing its age UNTIL recently.

NOTICE IN SLOW MOTION

One day at a time our bodies "sag" or "droop" a little more than the day before. Can't even see it happening. A slow process but very sure in a non-threatening way. Only after many years do we begin to "kinda" notice the change.

Eyelids droop. Bags form under the eyes. A little "flab" falls under the arm. Can't seem to see our feet any longer. Love handles have suddenly surrounded us. Hair color begins to match our former dye color. Roots are showing through or turning loose.

Nose hairs are out of control along with hair in the ears. Your Barber now seems to find a lot more places that need trimming than before. Things that never HURT in the past have suddenly taken on a life of it's own. New aches and pains arrive daily.

Many people have been contacted with the idea of using life insurance as an investing vehicle. Do you think life insurance is a good investment or a bad investment? I'll talk about life insurance, which is one of the best methods to safeguard your family in my opinion. The main thing that consumers should think about is whether they should acquire term or permanent insurance.

Many people pick term insurance because it is the most affordable and gives the most coverage for a specific time period, such as 5, 10, 15, 20, or 30 years. Because people are living longer, term insurance may not always be the best option. 

When the person who is 55 years old and is still in great health but still needs life insurance the cost of insurance for a 55 year old can get extremely expensive. Do you buy term and invest the difference? If you are a disciplined investor this could work for you but is it the best way to pass assets to your heirs tax free? If a person dies during the 30 year term period then the beneficiaries would get the face amount tax free. If your investments other than life insurance are passed to beneficiaries, in most cases, the investments will not pass tax free to the beneficiaries. Term insurance is considered temporary insurance and can be beneficial when a person is starting out life. Many term policies have a conversion to a permanent policy if the insured feels the need in the near future,

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