Variable Life Insurance now Makes Sense
By Arya
@yoalldudes (35040)
Philippines
July 10, 2023 11:44pm CST
There is a clause there that says you get a fixed amount or the invested value of your money whichever is higher. During a time of market downturn, you are guaranteed to get that fixed amount. Sigh! I should have pushed through with it. I should have trusted.
With term insurance though its like thrown in the trash can but of course there is the protection.
We realize things after some time.
5 people like this
5 responses
@arunima25 (85828)
• Bangalore, India
11 Jul
My husband has gone for both term insurance and life insurance. I felt that it was not needed as we had life insurance. But he had his own reasons to show that's needed. Well, taking such decisions can be really tricky.
1 person likes this
@yoalldudes (35040)
• Philippines
11 Jul
Wow you and your husband are very financially smart. My mother also has one she named us beneficiary. I feel like crying for having such a loving mother.
2 people like this
@arunima25 (85828)
• Bangalore, India
15 Jul
@yoalldudes I am not that smart but yes, my husband is quite responsible and knowledgeable when it comes to finance. I am still learning and there is a long way.
Your mom is really so much caring 
@yoalldudes (35040)
• Philippines
16 Jul
@arunima25 Yes she is. I wish I had been a better daughter.
1 person likes this
@summerscent (335)
• Philippines
11 Jul
My mother got us health insurance and VULs.
1 person likes this
@summerscent (335)
• Philippines
13 Jul
@yoalldudes Thanks! Actually, she also got a St. Peter life plan hehe
@jstory07 (134989)
• Roseburg, Oregon
11 Jul
I have the type of life insurance that pays a set amount.
@jstory07 (134989)
• Roseburg, Oregon
11 Jul
@yoalldudes Sort of you pay for so long and you can cash out and collect the money yourself.
@LindaOHio (158221)
• United States
11 Jul
Our insurance pays more and more each year as the dividends are reinvested. Enjoy your day.
@yoalldudes (35040)
• Philippines
11 Jul
If only I can be healthy in old age I can enjoy it because dividend reinvesting and compounding will make one rich.
1 person likes this
@yoalldudes (35040)
• Philippines
11 Jul
We have insurance as government employee so I think thats good.
1 person likes this
