Get A Jump On Retirement- Part 4- Making Insurance Work For You
People see insurance as a negative thing, as an expense and this could hurt them financially in the long run. There are certain types of insurance that make people correct for feeling this way. Auto, home, and health insurance all give the term insurance a bad name.
There are types of insurance that can be good for a persons financial security as well as helping to reduce estate taxes in the event of a persons death. Some insurance products can be used in more than one way. Let me explain. Some people like to save money, although that group of people is getting smaller and smaller as time goes on, they still exist. Instead of putting your money in a savings account at a bank why not put it into a whole life insurance policy that gains cash value. There are so many types of insurance policies that you can get a larger return on your investment through an insurance policy than you can through your bank account. You can also grow the money tax-free.
Why is this a benefit for you? Well, you get to insure your life, giving your loved ones financial security in the event of your death and you get to...
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