Timeline for Why should I invest my money in a life insurance policy?
Current License: CC BY-SA 2.5
7 events
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| May 20, 2014 at 21:16 | comment | added | Jay | @Bryce Well, no company is going to offer a product on which they consistently lose money -- whether they're sending out salesman or they're waiting for customers to come to them. Of course some people are selling products that are complete rip-offs, and I'm reluctant to buy from hard-sell salesman because if they're demanding I make a decision before I've had time to think about it, that's a good sign that they know that I wouldn't buy if I did think about it. | |
| Jun 28, 2012 at 8:56 | comment | added | Bryce | My general rule of thumb is if they are contacting you then it's usually going to end up to their benefit. If you have to seek out and go to them for the financial product, then its more likely to end up a legitimate benefit to you. So if you decide yes you do need insurance, toss that guy's business card, educate yourself, and shop around for the best option for you. | |
| Aug 17, 2011 at 20:41 | comment | added | user606723 | Perm insurance does accumulate value though.. and you can retrieve the value after the surrender period has past if you terminate the policy. That sounds good from my perspective, but perhaps the value doesn't accumulate fast enough to be worth it. Hmm. | |
| Nov 3, 2010 at 1:55 | history | edited | JTP - Apologise to Monica♦ | CC BY-SA 2.5 |
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| Mar 15, 2010 at 12:09 | vote | accept | Pandiya Chendur | ||
| Mar 13, 2010 at 14:13 | comment | added | Chris W. Rea | +1 for term insurance. I agree that bundling insurance + savings together is too costly. Savings/investments should be maintained separately, at lower cost. | |
| Mar 11, 2010 at 16:23 | history | answered | JTP - Apologise to Monica♦ | CC BY-SA 2.5 |