A reasonable way to approach life insurance is to think of it as an asset rather than a necessary expenditure. In fact, life insurance is akin to investment in property. Some of
the advantages of buying life insurance are listed below:
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the advantages of buying life insurance are listed below:
- It is a very secure asset
- The policy owner need not worry about closely managing it
- It is purchasable in any affordable amount
- It provides a reasonable rate of return
- Proceeds are payable immediately • The policy owner can choose his/her method of premium payment
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