Life insurance can be an important tool to help family members cope with financial trouble when someone dies. The payout on such a policy may cover debts or provide a financial pillow to all family members.
However, life insurance is not always a solution. The policies can bring customers constant high income. “Investment life insurance protects your deposits. After the policy expires, it guarantees a return that far exceeds inflation,” says Marcy Keckler, the vice president, financial advice strategy at Ameriprise Financial.
The key advantage of investment insurance in comparison with the securities market is a 100% investment security. In addition to possibility of obtaining high profitability, throughout the entire contract term, customers are also insured, that is, their relatives are provided in case of trouble. Additional bonus of such policies is preferential taxation.
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