The worldwide economic recession has certainly bring a lot of worries to most people. Redundancies, bankruptcies, businesses going busts are all starting to become more and more inevitable. People tend to be more careful in dealing with their daily finances as compared to those old good days. Due to this changing environment, the insurance industry has taken a proactive approach in introducing more and more products offering different types of insurance policies in making sure they meet the need of solutions for their customers. So the birth of new policies like term life and whole life insurance policies were introduced.
Posts Tagged ‘direct insurance’
January 2nd, 2010
Life insurance as an investment.
When interest rates are taking a dive in a difficult economy, life insurance in this situation can produce high returns, mortality is recession-proof. Life insurance returns are not subject to capital gains tax. Another important consideration is that life insurance is not correlated to the fluctuations of the stock market. Life insurance can to be used for charity. Watch the video on the potential of life insurance in securing future returns.
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