However, often you might still be better off getting
a pure insurance product (e.g. term life policy) and wisely investing the difference.
It is
a pure insurance product (unlike a permanent life insurance policy); simple and easy to understand.
The truth is that a term plan is
a pure insurance product that provides financial protection to your family which pays the family when the insured's eventuality, such as death or critical illness, occurs.
We will pick up
a pure insurance product and a pure investment product.
Term insurance is
a pure insurance product.
Since, this is
a pure insurance product; therefore, it comes at a lower additional premium.
However, often you might still be better off getting
a pure insurance product (e.g. term life policy) and wisely investing the difference.
The first one is
a pure insurance product whereas the latter one represents a combination of life insurance and investment product and often costs more.
It is
a pure insurance product (unlike a permanent life insurance policy); simple and easy to understand.