All news
Life insurance 'is a financial asset'
September 03, 2010
Life insurance can provide a financial boost in a person's retirement years.
Life insurance policies that have accrued a cash value over time can be used in a variety of different ways.
World's Breaking News columnist Richard Irwin said that it is often the case that a husband and wife will reach their retirement years with plenty of assets to keep them comfortable and no dependents relying on them anymore.
In such cases, people can cash in their life insurance to pay for a holiday or settle any outstanding debts, it was suggested.
"A life insurance policy is a financial tool, an asset. Just like various other assets, it offers a value," Mr Irwin stated.
Last month, April Peveteaux, a blogger for The Stir website, said whole life insurance could be a good option for anyone looking for coverage that will build up financial value.
She explained that such policies can be surrendered if the insured person is in need of a cash boost.
Published by James Whiting
Compare Life Insurance News
