Financial Fitness and Wellness | Blog - by SARA CHEVERE

Is Life Insurance an Expense?

A lot of times, we see this as a bill, and we might start thinking about all the other things that we could be doing with that money. Or we rather avoid altogether by not getting one. But is having life insurance an expense?

When you buy life insurance, you might feel that it is a burden and an expense. And therefore, we see it as something negative instead of something positive. A lot of times, we associate negative emotions with life insurance. Perhaps it is because it makes us think about death instead of life.  

However, it is a matter of the perception that we have about it.  It might feel like an expense because you do not see immediate benefits. 

But life insurance is peace of mind policy.  These days, it is not just to protect your loved ones if you pass away, but also to protect you if something unexpected happens and you are still alive. 

Also, many life insurances are a great tool to increase your wealth and to use as income in the...

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