Do Life Assurance Products Provide Investment Returns?
Life assurance is often seen as a grudge purchase – much like disability cover, dreaded disease cover, and income protection cover. However, it is an important part of an overall financial portfolio as it assists loved ones and nominated beneficiaries if you pass on before the term of your cover has passed.
If you are looking to generate returns from your life assurance cover, you will need to choose carefully. It is an error to assume that assurance products provide exponential returns in the medium and long term: it is in the nature of these products to generate diminishing returns as time goes by.
