Life Insurance or Life Insurance?

When people talk about life insurance, we are generally referring to the Whole Life policies. Perhaps less known to many is that Life Insurance is actually a category comprising of different type of products namely:

• Whole Life


• Term


• Endowment


• Investment-Linked


• Annuities


• Riders

Thus, the life insurance that most of us talk about is actually only one type of insurance in the much larger life insurance category. It is for this reason that this blog will cover the other types of insurance as well under the bigger umbrella of Life Insurance.

Sounds like greek? Too dry and boring?

My friends, I used to hate insurance. The thought of it brings to mind pesky salesmen.

However, this thought changed when I saw families meet with less-than-fortunate situations and found themselves stuck in sticky financial situations as well as those who were not implicated due to to early good judgement.

When I started working in the personal finance area, I was convinced of why one needed to have sufficient insurance and more importantly, to understand it.