Tuesday, 16 November 2010
Term Life Insurance is Value for Money
Buy insurance for PROTECTION. Don't buy insurance for INVESTMENT.
For the same protection, term insurance is more affordable than the insurance that gives protection with investment included.
Insurance products that also include investments are unlikely to give spectacular investment returns as these insurance companies are regulated and can invest in certain 'safe and low risk assets' only.
The savings through buying term insurance can then be invested into other investment products that may potentially give better returns.