Few put aside a sum every month

[mahbubamim077]

After all, insurance should protect you and cover the damage specified in the contract. This is its main function. But the chances of receiving income are additional. Sometimes a person is only interested in making a profit, and treats insurance "in so far as".

Then it makes sense to invest capital in a more profitable line data financial instrument. And to protect life and health, purchase a "classic" policy. A characteristic feature of the life insurance policy is that the contract with the insurance company is concluded for ≧ 5 years. Whereas a traditional insurance policy is issued even for a year with further extension.


But in the case of life insurance, such short terms do not make sense. No more or less significant amount will have time to accumulate during this time. And it will not be profitable for the insurance company to get involved with this. In financial planning of a personal or family budget, such insurance will play a role.

Not everyone is disciplined or financially literate. for a set goal. And those who do, cannot resist the temptation to "gut" the piggy bank. Especially when they see an unnecessary, but such an attractive thing in stores.