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Life Insurance

Life insurance is giving lots of money to the insurance companies and then expecting them to give a little back to your next of kin upon your death. Sounds bizarre when written down like that doesn't it? That's because it is bizarre! Instead of paying out years of inflated premiums to fat-cat insurance companies so they can pay offensively huge bonuses to their executive director, put the premiums you intend to pay to ensure the executives luxury lifestyle into a savings account at your bank (I know bankers are no better, but at least the money in your account is yours) and give the money to your next of kin yourself so at least you can receive their thanks and you have the blissful knowledge you haven't just contributed to some exec's new Rolls Royce.

Talking about luxury items, if you are seeking a life insurance policy so you leave your family in financial comfort, have you considered saving the premium payments and purchasing diamonds instead? It is an interesting option? Or saving the life insurance premiums and investing the money in land instead? You could even consider investing the money in business ventures that create passive earning income streams for your family when you have departed this world? All interesting options. I personally have opted for the latter...

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