Whole Life Insurance Investment

Need help with insurance, please?
I asked people here and they told me that if you ask what is the cost of insurance and receive the following response: "Premium is $ 935.16 monthly bank draft – or multiples of that if you choose a different way." It's kind Of Life Insurance, call general, or life. Now I do not understand what the benefit of such insurance may be why someone is going to get it? As a kind of investment? So if you purchase, and you're old, you can use it as an investment? Please tell me why anyone would get it? what may be the reason?
If premium is $ 935.16 per month, you are either very old or very large is a policy. In any case, the insurance must be some kind of Universal Life or whole entire life with a function investment variables in it. If you need a lot of life insurance, the period is much better. Never buy life insurance as an investment. Why people buy it because it looks good on paper and the agent is instructed to sell.
Whole Life Policies as an Investment
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Tax Free Retirement $13.99 “Tax Free Retirement will show you how to avoid 9 common Financial Landmines, teach you how to generate tax-free retirement income, explain how to muultiply your IRA two or three fold for future generations and help you leave a lasting legacy beyond your wildest imagination.”… |
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New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today’s Insurance Products $10.80 “For anyone who needs to understand different types of life insurance, as well as considerations for purchasing and managing policies, this book should be on your nearby reference shelf. If you?ve frequently found yourself fumbling around with terminology, such as the differences between variable, universal, and variable universal life (VUL) policies, you?ll finally see some light through the haze… |
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Revealing Life Insurance Secrets: How the Pros Pick, Design, and Evaluate Their Own Policies (Trade Secrets (Marketplace Books)) $11.25 Life insurance is an extraordinary financial tool that can affordably deliver resources to just the right person at just the right time of financial stress – loss of income, taxes, or liquidity needs due to several circumstancesÂ…including death. As simple as it should be, a true understanding of life insurance is complicated by psychological and other practical factors related to the increased c… |