Purchasing of life insurance can sometimes be confusing and the large number of advertising sometimes contributes to the confusion. 70% of life insurance policies today are cash value policies. This type of policy is a product that packages insurance and savings together. This is a difficult investment to make because it seldom performs as projected.

There is a belief that investing on cash value life insurance will allow the policyholder to retire wealthy. However, this type of policy seldom has the return that is expected. It is better to invest on other types of life insurances like term policy insurance.

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