Total assets of life insurance companies grew at an average annual rate of 12 percent from 2002 to 2004, rebounding from slower growth of 3 percent from 2000 to 2002.
Cash value life insurance is considered worst financial products available. Sadly, over 70 percent of the life insurance policies sold today are cash value policies.
A cash value policy is an insurance product that packages insurance and savings together. Investing money in life insurance has resulted the returns horrible sometimes.
Your insurance person will show you wonderful projections, but none of these policies perform as projected.
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