Is Life Insurance a Good Investment?

Nobody wants to die young. Leaving behind the business for which one has spent life in building-up. No one wants to die and leave debts for the family to repay.

And who wants their family to suffer all alone; to struggle to make ends meet.

It is for this very reason, an investment in life insurance is a must.

Whether you are a single with dependents counting on you for their financial needs, a married person as a primary breadwinner of the family, a middle-aged person thinking to retire worry-free and financially secure – Life Insurance has a lot in store for you.

Yes, it is true you must keep investment and insurance in two different baskets.

That’s the sole reason, “financial advisors” suggest getting a term plan as a pure insurance at a low premium and the rest of the money can be invested as preferred.

Undoubtedly, life insurance provides security. However, there are other benefits of investing in life insurance.

Benefits of Investing in Life Insurance

• Provides financial security
• You can opt for a bank loan
• You can plan strategically to meet your short-term and long-term financial goals
• Business owners have a chance of growing their business even in their absence
• Offers tax benefits
• Assures mental peace