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Similarities between investment and insurance
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[QUOTE="Phabbyfundz, post: 152120, member: 49202"] Many haven't yet understood the similarities between investment and acquiring insurance plans. Before i proceed I would like to first state that meaning if the two terms in play here which are investment and insurance. What are investment? Investment is the placement of capital in expectation of deriving income or profit from its use. While insurance is a means of indemnity against a future occurrence of uncertain events. From the two terms we see that both investment and insurance policies needs capital which is put in place to cover for future or present need that yeilfs profits or benefits as the case may be. Investment are done to yield profits and insurance money are placed to cover in times of need of as a form of investment and both help to keep the person Inca balance state of financial stability and freedom. [/QUOTE]
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