Insurance Poor

 

Life is all about taking RISKS.  As soon as we are old enough to drive, and get behind the wheel of a vehicle, we start taking risks.  For some, who live in specific geographical areas, taking risks starts at a much earlier age than most.

Regardless of your situation or location, taking risks is a fundamental part of LIFE.

Here, in America, we offset those risks with INSURANCE.  Consequently, we have:

• Car insurance
• Home owners insurance
• Renters insurance
• Medical insurance
• Travel insurance
• Life insurance
• Personal property insurance
• Warranty insurance

Not all of these insurances are advertised but LIFE INSURANCE is pretty much advertised all the time.

Life insurance is supposed to give you security for the future...  but NOT FOR YOU...  for those you left behind.

Life insurance is predicated upon taking advantage of people's FEAR OF RISKS.

When you take out LIFE INSURANCE, the one who is getting insured, is betting that they will not live long in order to maximize the payout versus money paid in.

On the other side of the coin, the company that is doing the insuring is betting that the one who is being insured, in fact, lives a long time, because money paid in can be invested to offset money paid out.

Again, this is a game of RISKS.

If you believe you are going to live a long time and if you have the money to pay the monthly premium, then you should TAKE THE RISK and invest the money yourself instead of giving it to the insurance company to invest.

If you do decide to invest the money yourself, ONLY INVEST IN MUTUAL FUNDS to counter the RISKS of investing in the STOCK MARKET.

Do you HOMEWORK...  Don't just believe an insurance salesperson when the tell you this or that.

It is your life, not theirs.