For a premium that may cost no more than a few hundred dollars a year, this gives you a return on
your investment if disaster strikes.
Not exact matches
Then,
if disaster strikes, you know you can withdraw the money from your long - term equity
investments, even
if the market is significantly down, without decimating your corpus.
Think of it as a cushion to tide you over until you can access other
investments if disaster did
strike.
For example, you may want to find ways to save money in cash and invest the rest of your emergency fund into
investments you can quickly and easily liquidate
if disaster strikes.
This is mainly because the premium is a small
investment compared to the benefit that would be paid out
if disaster would
strike and destroy belongings.
Proper insurance coverage on one of your biggest
investments will come in very handy
if disaster strikes.