{"id":3445,"date":"2015-09-18T16:05:02","date_gmt":"2015-09-18T23:05:02","guid":{"rendered":"https:\/\/www.costulessdirect.com\/?p=3445"},"modified":"2022-12-23T23:34:37","modified_gmt":"2022-12-23T23:34:37","slug":"when-should-you-invest-in-life-insurance","status":"publish","type":"post","link":"https:\/\/www.costulessdirect.com\/blog\/when-should-you-invest-in-life-insurance\/","title":{"rendered":"When Should You Invest in Life Insurance?"},"content":{"rendered":"

Life insurance<\/a> isn\u2019t usually seen as an investment for investors, providing peace of mind and assistance in times of need, but not growing quickly enough over time. For the portfolio builders out there, the hot ticket items are real estate, retirement accounts, and the stock exchange, and by comparison, life insurance seems like a fairly boring addition to an otherwise thriving portfolio.<\/p>\n

Many investors have decided to leave life insurance out of their portfolio entirely, and even those that appreciate the security of life insurance are tempted to opt for simpler term life policies. All of these entities, from investors to experts in the field, are debating the worth of life insurance and trying to figure out exactly where it fits into an investor\u2019s portfolio.<\/p>\n

The Role of Life Insurance<\/strong><\/p>\n

Many don\u2019t understand that life insurance was never meant to be an investment, but instead a protective measure for your heirs. Those expecting a life insurance policy to grow significantly in value would likely be disappointed simply because these insurance policies are not designed to be investment vehicles \u2013 they\u2019re meant to be failsafes. With term life insurance or even whole life insurance, the point isn\u2019t the financial growth \u2013 it\u2019s the guarantee that your family\u2019s expenses will be taken care of after you die, and unlike most investments, buying life insurance isn\u2019t risky.<\/p>\n

A Good Investment or a Great Investment?<\/strong><\/p>\n

The benefits of having life insurance speak for themselves, and even if you\u2019re not ready to truly invest in life insurance, alternatives exist. Term life insurance, for example, is much more affordable than whole life insurance, and unless you\u2019re planning your estate, making buy-sell arrangements, or trying to maximize your pension, it should meet your needs. By buying a term life insurance plan, you can enjoy the peace of mind and security of life insurance without worrying about growth or complicated pricing.<\/p>\n

If you\u2019re serious about investing, however, you shouldn\u2019t dismiss whole life insurance quite yet. Many believe that whole life insurance is a bad investment, but that\u2019s simply not the case. With a whole life insurance policy, you can begin building up tax-shelter savings that can help you plan your retirement, and having that steady balance in your portfolio will make it better-rounded as a whole.<\/p>\n

While not created specifically as an investment product, insurance policies<\/a> provide something that investments don\u2019t: security. A balanced portfolio can\u2019t be all risk, and insurance products are the perfect way to bring order to an otherwise risky investment strategy. Even when the market is down, whole life insurance can grow, sometimes even outpacing market growth entirely.<\/p>\n

Annuities can also serve an important role in your investment portfolio, guaranteeing income streams that you can draw from upon retirement. You can never outlive an annuity, solving one of American retiree\u2019s biggest problems.<\/p>\n

When it comes down to the bottom line, it\u2019s less about investment and more about your overall financial strategy. Investing is all about risk and reward, and if you don\u2019t have life insurance<\/a>, it\u2019s probably time to introduce some stability to your portfolio.<\/p>\n

Interested in an affordable life insurance policy? Give us a call or click today<\/a> for more information on what we offer and why we\u2019re the best insurance company for your needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Life insurance isn\u2019t usually seen as an investment for investors, providing peace of mind and assistance in times of need, but not growing quickly enough over time. For the portfolio builders out there, the hot ticket items are real estate, retirement accounts, and the stock exchange, and by comparison, life insurance seems like a fairly […]<\/p>\n","protected":false},"author":1,"featured_media":6763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[699],"tags":[102,395,604],"acf":[],"_links":{"self":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/3445"}],"collection":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/comments?post=3445"}],"version-history":[{"count":1,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/3445\/revisions"}],"predecessor-version":[{"id":6447,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/3445\/revisions\/6447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media\/6763"}],"wp:attachment":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media?parent=3445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/categories?post=3445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/tags?post=3445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}