Don’t look at life insurance as an investment. Look at it as a way to protect your loved ones in case the breadwinner of the family dies, and the family’s savings do not allow the family to be self-insured.
Stick to term life insurance, which is the most basic type of insurance. It covers your family for a specified period (term). If you die within that term, your family receives the amount insured.
There are better types of investments than permanent forms of life insurance, such as whole life insurance, universal life insurance, and variable life insurance. While these types of life insurance promote some kind of long-term cash value, you should invest your money elsewhere...[Read More]
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This book is a concise and straightforward guide to financial happiness and contentment, as well as a guide for cultivating a mindset that contributes to a happy life. The principles and life stories within will help you establish financial peace of mind, eliminate and avoid debt, and find general happiness in your life.