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Life insurance is not an investment. Insurance is insurance, just like car insurance -it is not an investment. You pay a premium. That premium buys peace of mind. Now, certain life insurance contracts build cash values, still not an investment.
It is a savings, just like a savings account is not an investment. LI is the most effiecient way to to save money, not spend money for oppurtunties before age 59.5. Compare it apples to apples to CDs Savings accounts and money markets. People that compare it to investments are ridiculus because it has guarantees and investments do not. But when its compared to savings vehicles it shines clearly. Oh and in all my experience a savings account is not really a saving account, its a deferred spending account.
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Life insurance is an investment into your beneficiaries - and they just won't see any % returns until you croak
My cash values are up. How are your stocks doing? LOL
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