Life Insurance as an Investment

Life insurance has taken on increasing importance as an investment in the modern era for many reasons. One reason for this is that people are living longer, mainly from advances in technology and biomedicine. Also, it is more significant as a life insurance investment to many consumers due to the precarious nature of Social Security funds in the future when increasing demands on the system are projected to drain the fund.

There are numerous types of life insurance investments, with multiple pages offering everything from illustrated dividends to mortality savings, which makes the process of choosing the right life insurance investment even more complex.

Additionally, the longer one waits to buy life insurance, the more costly is becomes. On top of this factor, life insurance expenditures should be tailored to individual budgets, which is where consumption economics plays a role. Yet, to buy life insurance as an investment can be fraught with risk because the average consumer must rely on information from life insurance companies, information that may often turn out to be inaccurate or is not forthcoming.

My best advice is to speak with a licensed life insurance agent if you seem to be unclear about the topic of life insurance.

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Article added 08/16/2011  by Amber Douglas
Senior Market Advisor: Morgan White Group
amber.douglas@morganwhite.com

For more info about Term Life Insurance, please feel free to contact me.
Submit basic questions to: seniordivision@morganwhite.com.