Monday, November 25

Insurance


 What do you know about Insurance?


There is home insurance, life insurance, car insurance, property insurance, flight insurance, warranty insurance, travel insurance...   and I am sure there are more.


Let's look at LIFE INSURANCE


There is whole life and term


Life insurance is gambling that you are GOING TO DIE SOONER THAN LATER.


Why is that?

The longer you live the more money you pay to the insurance company.

The best return on investment for you is to die as soon as possible but not until the probationary period is over.


OR...

you can gamble that you will live a long time and instead of giving the insurance company your monthly premiums, you invest those monthly premiums into a MUTUAL FUND.


What I am suggesting you do with your money is exactly what the insurance companies do with your money...  they make much more than they pay out to you when you die.


Something to think about.

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