Is Insurance an Investment?

You may have heard that one of the best financial decisions that you can make is to purchase an insurance policy to cover you in the case of an unexpected loss. It is easy to assume that you made some sort of “investment” when you purchased this policy, but that couldn’t be further from the...

What’s wrong with using insurance as an investment?

Need new content here 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. There are the marketing and sales commissions. There’s also the “surrender charge” that may be...