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Is Insurance Investment or a Liability?
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[QUOTE="Mika, post: 139804, member: 29399"] Investment means putting money into something that will give you dividends in the future. Liability means something that you are obliged to pay. Do you think insurance is an investment or a liability? Generally speaking, insurance is an investment. You pay the premium and if something unwanted happens during the insured period, the insurance policy will cover your loss and damages and you get a return on your investments. Quote opposite to this general theory, insurance can also become your liability. Paying your premiums can become a financial burden if you have bought a lot of policies. Let say you have bought house insurance, auto insurance, health insurance, life insurance, or even insurance policies for your family members. Unless you earn a lot of money, paying premiums for all these policies can be a financial burden. [/QUOTE]
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