Whole Life Insurance as a Financial Asset
Group life insurance plans may not be adequate
Every September, consumers and the insurance industry alike focus on the need for life insurance awareness. Life insurance is definitely an investment worth considering, as it also serves as a safety net against financial emergencies and unexpected life-changing events.
For those working on creating wealth and gathering significant assets and investment holdings, one question often posed in the face of advancing years is “is life insurance a good investment?” This is a common question asked by those who may be leaving behind families, potential debt, or even business interests. In some cases, life insurance may be a solid way to help protect your family and business from your final expenses and remaining debt. Let’s take a closer look at when it may be a good idea, and when you should avoid it.
Depending on what type of policy you’re looking at, you might still be on the fence about whether life insurance is a good investment at this point in your life. In the face of advancing years, an important question is whether life insurance can be a good investment for those who are trying to build up their assets and investment holdings. If you still find yourself asking “is life insurance a good investment”, reach out to our team at Prevail, and talk it over with some of the best wealth management advisors in the midwest.
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