Should I Get Life Insurance if I Have Substantial Savings?
The role of life insurance is to transfer the financial risk of a death event, often termed as “premature death” or “dying too early,” to an insurance company. Without life insurance, this financial burden could be too heavy for a family to bear. What are these financial risks? They typically include: Providing a continuous income […]
Universal Life Insurance: Does It Boost Your Retirement?
Wealth transfer to children and even through multiple generations is one of the key concerns among affluent and high-net-worth individuals. The reasons are understandable: to be good stewards of wealth, whether built or received and to give their children better opportunities in life. Often, such transfer-of-wealth planning commonly known as legacy planning, typically involves the […]
Life Insurance: A Smart Investment Move?
Insurance policies has evolved over the decades, ranging from pure protection to encompass savings and even investments. Term insurance, which typically offers 10, 20, 30 years of coverage has become cheaper, making insurance very affordable for everyone. Yet insurance products have also become more fanciful with many offering cash values such as whole life, investment-linked […]