Life Insurance As An “Investment”
(Shared by Tom Chelf, Bank On Yourself Authorized Advisor)
We’ve all heard it a million times: “Life insurance is a bad investment because the only way you can benefit from it is by dying.” But with a properly built whole life insurance policy, from a mutual company that is also a non-direct recognition company, this isn’t the case at all.
With a WL insurance policy like this, there are numerous “living benefits,” like a rapidly-growing cash value that accompany the death benefit. Take a look at this Business Daily article that describes some of the benefits of owning a WL policy: