Use Life Insurance Wisely

by Dual Income No Kids on July 9, 2009 · 0 comments

On the topic of insurance this week, it is important to consider how one should utilize insurance in the event of a loved one passing away. The best way handle this is to invest the life insurance to preserve the initial capital and live off of the income generated from that investment. Also keep in mind that your investments need to be adjusted for inflation so that they will sustain you over the long term. You shouldn’t have to worry about building wealth in this situation, just on coping with the loss and living off the fixed income.

Please don’t just live off of the payout. Your loved one will be most honored by seeing you live out your life more securely.

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