Page 1 of 1

The concept of accumulative life insurance

Posted: Wed Feb 12, 2025 3:10 am
by mahbubamim077
Sometimes a person is only interested in making a profit, and treats insurance "in so far as". Then it makes sense to invest capital in a more profitable financial instrument. And to protect life and health, purchase a "classic" policy.

A characteristic feature of the life insurance policy is that the contract with the insurance company is concluded for ≧ 5 years. Whereas a traditional insurance policy is issued even for chinese overseas australia data a year with further extension. But in the case of life insurance, such short terms do not make sense. No more or less significant amount will have time to accumulate during this time. And it will not be profitable for the insurance company to get involved with this.


In financial planning of a personal or family budget, such insurance will play a role. Not everyone is disciplined or financially literate. Few put aside a sum every month for a set goal. And those who do, cannot resist the temptation to "gut" the piggy bank. Especially when they see an unnecessary, but such an attractive thing in stores. And then it turns out that the person has not even come close to the goal. Then you have to start saving again. But either the enthusiasm has completely dried up, or there is simply no time for this. Let's say, if a large purchase was planned for a specific date, and money had to be saved for it.

In the case of NSL, a person signs an agreement with the insurance company. Then he must fulfill the obligations assumed. This helps to pull himself together and take control even for those who are prone to wastefulness.