LIFE INSURANCE AN INVESTMENT???
There’s a stereotypical view that life insurance is a poor investment and in some cases a scam. I can understand the opinion created in the minds of such individuals because of the way the industry has taken a turn. Back in the late 70′s early 80′s, life insurance was a way for agents to make a killing since the only people buying life insurance were wealthy individuals. There was a man who took the life insurance industry by storm, with a concept, that “everyone can get it”. He established the largest organization that the life field has ever seen and now, sorely, today they offer one of the worst (if not worst) life policy and products on the market. Nonetheless, He has provided competition in the industry that would have never appeared were it not for his ambition. Now with all the turning points and evolution in life insurance it’s safe to say that “life insurance is definitely a great investment” especially if you like to lower your tax liability. If you ever thought of maximizing your retirement account as well, there are superb vehicles that have no substantial risks involved. “What? life insurance being a retirement fund?” Yes, that is what I’m saying. If you have ever known anyone that has lost someone and didn’t have life insurance or even did, they would tell you it’s worth getting.
