are insurance policies good investments ? Like im a software engineer and want to invest my money. can we take insurance policies ? are they good investments ? If so what are some good areas to take insurance (like home insurance,life,car etc). Which insurance should i take and are insurance policies really good investments ?
are insurance policies good investments
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Shweta Ranjan
Life insurance is good investment if you are calm enough ,it cover your health,home,personal and education insurance means all part of life
Buying all life and other types of permanent life insurance are not a good way to invest. Lifelong life insurance policy an average of average five to 15 times more than a comparable long-term policy, which means that they are expensive to be maintained in the long run.
2.Term life insurance
This insurance is designed to protect you for a certain period of time, therefore the name is. For example, you can buy a 20-year or 30 years of life policy. This policy functions the same as the type of other insurance policy that you can carry, such as car insurance; You pay a premium every month and if something bad happens – in this case, your initial death – there are benefits paid.
Profit percentage on your life insurance
You may be able to accept anywhere from 25% to 100% of the benefits of your permanent life insurance policy before you die if you develop certain conditions such as a heart attack, stroke, invasive cancer or final kidney failure. Reverse from accelerated benefits, because they are called, you can use it to pay your medical bill and may enjoy better quality of life in your last months.
Further you can go for health insurance, Car and bike insurance to save your money. Morever if you want to know more about the car insurance you can check the answer mentioned link.