• Home
  • Insurance
  • Privacy Policy
  • Sitemap
  • Contact
My Insurance Stuff
  • Home
  • Insurance
  • Privacy Policy
  • Sitemap
  • Contact
Home » Insurance » Investing in Life Insurance Policies
Insurance

Investing in Life Insurance Policies

admin October 25, 2014 Leave a Comment

Basically, life insurance is a financial protection people take up in the event of their death. Some people however, think of it as some form of a form of gambling, a morbid one at that. This is because there are types of life insurance policies which you can lose when you lived longer than what was indicated in the term of your insurance policy.

On the other hand, if you die earlier or within the term of the policy, you ‘win’ the bet and the insurance company will pay the promised sum of money to your beneficiary. Clearly, life insurance is like a morbid form of gambling where you bet your life and death for the benefit of your loved ones who will be left behind. Taking up life insurance does provide you with huge benefits financially-wise. It can live your family with large sum of money if you can choose properly as to what type of insurance you want.

To ensure the benefit of both sides, insurers look carefully on decades-worth of data in trying to predict how long you can live. All variables with regards to determining what rate, category or class a person fits into are carefully examined. Although this does not necessarily mean that a person who has had serious health problems cannot be insured. Rather, they will to pay different premiums.

Life insurance has two major types, namely ‘term life insurance’ and ‘permanent life insurance’. As the name suggests, term life refers to life insurance that is effective for only a relative period of time. Alternatively, permanent life is a policy that you have to pay throughout your entire life. The payments for these policies are usually fixed the moment that you purchase the life insurance policy. In the case of permanent life, the younger you are when you purchase for the policy, the cheaper your monthly premium will soon be.

Whoever you are, investing in life insurance is a huge lift from your worries. Life insurance can surely give you a peace of mind with the fact that you can take care of your family even after your death. Aside from that, life insurance can also be used for cover on debts and liabilities upon your death which can greatly ease the burden to your family.

The bank does not simply dismiss your mortgage once you pass away. It has to be paid or else your properties might be seized. But with life insurance, you could have enough money for cover of your liabilities. However, life insurance carries its own risks. One of the risks that you might encounter with having life insurance is the fact that life insurance companies are typically unstable.

Moreover, life insurance companies are typically regulated by the government. Also, when it comes to policies involving cash, you are only allowed to invest in bond, stock or money market funds. With that means the value of your insurance greatly depends on the bond’s performance. In the end, you cannot be completely sure of what you can get from your investment in life insurance.

Previous Article Why Get a Life Insurance?
Next Article Why Need a Life Insurance Policy?

About Author

admin

Related Posts

  • medicare rehab coverage

    Does Medicare Cover Rehab Costs?

    October 26, 2015
  • traditional medicare vs medicare advantage costs

    Traditional Medicare vs Medicare Replacement Plans

    September 30, 2015
  • I Need Health Insurance But I Can’t Afford It

    September 8, 2015

Leave a Reply

Cancel reply

  • Popular
  • Recent
  • Is There Economic Essence in terms of Insurance June 2, 2015
  • Reasons why an Individual should buy Insurance May 22, 2015
  • Advantages and Disadvantages of Life Insurance April 14, 2015
  • medicare rehab coverage
    Does Medicare Cover Rehab Costs? October 26, 2015
  • Types of Insurance which you Might Need December 5, 2014
  • medicare rehab coverage
    Does Medicare Cover Rehab Costs? October 26, 2015
  • traditional medicare vs medicare advantage costs
    Traditional Medicare vs Medicare Replacement Plans September 30, 2015
  • I Need Health Insurance But I Can’t Afford It September 8, 2015
  • Securing an Insurance for your Business August 11, 2015
  • Is Discrimination really Essential to Insurance? July 5, 2015

Insurance

  • medicare rehab coverage
    Does Medicare Cover Rehab Costs? October 26, 2015
  • traditional medicare vs medicare advantage costs
    Traditional Medicare vs Medicare Replacement Plans September 30, 2015
  • I Need Health Insurance But I Can’t Afford It September 8, 2015
  • Securing an Insurance for your Business August 11, 2015

Tags

5 types of auto insurance advantages of term life insurance advantages of whole life insurance auto insurance types benefits of whole life insurance business insurance for small business buying life insurance buy life insurance online different insurance plans different life insurance different type of life insurance different types of auto insurance different types of insurance different types of life insurance different types of life insurance explained different types of life insurance policies get life insurance how to get life insurance insurance types life insurance company ratings life insurance different types life insurance policy types life insurance quote quick life insurance quote selling a life insurance policy sell life insurance policy short term insurance should i buy life insurance small business insurance small business insurance costs small business insurance quote small company insurance term insurance term insurance policies term insurance quotes term life insurance benefits term life insurance quote term life insurance quotes term life insurance quotes online type of life insurance types of auto insurance types of life insurance policies why buy life insurance why get life insurance why should i buy life insurance



SITEMAP    | RSS   | Privacy Policy    | Contact


PRchecker.info

Recent Posts

  • medicare rehab coverage
    Does Medicare Cover Rehab Costs? October 26, 2015
  • traditional medicare vs medicare advantage costs
    Traditional Medicare vs Medicare Replacement Plans September 30, 2015

Popular Posts

Random Posts

  • Investing in Life Insurance Policies October 25, 2014
  • Types of Insurance which you Might Need December 5, 2014
© Copyright 2015 My Insurance Stuff.