How far do you love you life---Do you have your insurance?

Hi there! This is very timely for me for I have just collected my investment on an insurance company after 10 years of waiting and have insured again for another 5 years. For me insurance is one of the best ways to invest and save money. Their interest rate is much higher than in banks. It's like a time deposit with only a higher number of years till maturity. But there is also a disadvantage on investing at insurance companies. The investor, in any case cannot withdraw money if they unexpectedly need it. Unlike when you have your money in banks, you can withdraw anytime you needed it. But now insurance companies have included loaning systems wherein you can loan from your policy or insurance with a minimum amount of interest. In my opinion, if you have extra money that you don't really need at this point, invest it on a reliable insurance company and choose only minimum terms of payments and maturity. So that you don't have to wait too long to get back your money. It's a good investment and a secured one too. For sure with insurance you will be able to save money. Ciao!

Life Insurance is the very first investment that I have when I had my job. It will be lucky because I have been part of the life insurance industry in my country. But putting it in the perspective, I have life insurance because I felt that it is the best legacy I can leave my parents with. I had it when I was 22 years old. I only pay a little but just in case I die, I can leave a lump sum amount to my parents. They can use it to finance my memorial rites or whatever they want to do with the money. Since life insurance premium is age based, which means younger age pays a little than the older ones. I am now 33 but the premium I am paying was based on my age 22. Life Insurance is a legacy I can leave to my love ones in case I die.