This is spurred by three major factors — increasing awareness about
the real purpose of life insurance, rapidly declining term insurance rates and the sale of term plans on the internet.
Since
the real purpose of life insurance is to cover the remaining earning capacity of the insured, and since this capacity decreases with age, decreasing term insurance is a very good instrument to accomplish this.
As such,
the real purpose of a life insurance policy loses its appeal.
Not exact matches
The first thing you should do when determining the level term period
of your
life insurance you should buy is to ask yourself the question, «What is the
real purpose for the
insurance?»
While these types
of accounts can invest in
real estate, they can not invest in
life insurance or collectibles — i.e., any work
of art, rug or antique, alcoholic beverage, stamp or coin, or any other tangible personal property specified by the IRS for
purposes of this subsection.