Mika
VIP Contributor
If you are a freelancer or if you are working in a small firm, it is almost certain that you will not have any retirement benefits. In order to get retirement benefits, you either need to work for government agencies or big companies. Therefore, for a lot of people retirement benefits is not an option. Here lies the importance of buying a life insurance policy that you can ultimately use as retirement benefits.
Now, you might ask, how to use life insurance as your retirement benefits. I will exemplify this with my case.
I have bought a life insurance policy with a term of 20 years. I am a freelancer, therefore, I do not have any retirement benefits. However, I have life insurance and when the policy matures, I will have the insured amount along with the bonus. I can use this money as retirement benefits.
Now, you might ask, how to use life insurance as your retirement benefits. I will exemplify this with my case.
I have bought a life insurance policy with a term of 20 years. I am a freelancer, therefore, I do not have any retirement benefits. However, I have life insurance and when the policy matures, I will have the insured amount along with the bonus. I can use this money as retirement benefits.