Apr 8, 2018
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Life insurance.
Its something we all should have.
And there are different types.
2 main groups… Term where you pay an amount very month and for a certain amount of time, if you die the insurer will pay off your family.
So here you are basically betting against the insurance company that you are going to die.
Wait… you pay money to create a contract…the contract has an expiration date…and if you don’t die before the deadline…the contract expires and the insurer keeps all the money….what does that sound like?
That is exactly like selling an option. Except the insurance company is the option seller and you are the buyer. Hmmm but I digress.
And then there is cash value insurance.
Whole, variable, universal. Etc.
So back in 2005 things were looking up for me. Just got married, my first real job, wife was a nurse, and so I was looking for an investment…(wasn’t trading at that time)
I stumbled upon life insurance and dug deep reading multiple volumes on the topic.
And found that it has some awesome benefits.
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