In his Wealth Matters column this week, Paul Sullivan writes about some investors who are turning to life insurance to insulate themselves from the volatility in the stock market. Insurance, after all, allows you to leave money to your heirs tax free or to make sure you have money when you need it.
The problem is that insurance products often generate huge fees for the companies that sell them.
So, have you been looking for an alternative to stocks or Treasury bonds and considering permanent life insurance (meaning that it won’t lapse during your lifetime as term life insurance policies do)? If you have already moved some money into insurance, what was your experience?
Let us know below.
Article source: http://feeds.nytimes.com/click.phdo?i=6d3ea88bb6d0a30a8c94c50d0d79222d
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