Yes! It is bad investment. You are correct, it is not good and it is not for all. But before you judge, let me explain. Life insurance is a topic that people don't want to talk about. We see Life Insurance as an expense that has no value and we see it like it will not benefit us. That's why on this blog, I want to share with you how life insurance can be a bad investment.
First, it will be a bad investment for you if you are not healthy anymore. When you apply for a life insurance and the life insurance company will decline your application because they cannot accept your risk anymore.
Second, if you are living and working in a risky environment. The Life Insurance company will not accept your application.
Third, if you are not earning money, it is advisable not to get a life insurance because you might not sustain the payment of premiums and eventually, it will lapse, so it is a bad investment for you.
These are the three things that can consider that investing in Life insurance is bad other than these, life insurance is a good investment.
Thank you for reading my blog. Stay safe and healthy.
Archie Yuki
Financial Adviser
