Any insurance with cash value or that combines insurance with investments is a bad idea.TrueFalse

The purpose of insurance is to:Develop a savings planProvide an investment opportunityTransfer financial riskAll of the above

cash-value life insurance policy provides both insurance and a savings account.

Do you think that eliminating or limiting the amount of deposit insurance would be a good idea? Explain your answer.

Why do investment agents not sell you term insurance plans?a.They don’t buy it for their familiesb.Premium is too low so commissions (incentives) are low for themc.It’s too cheap and the insurance companies don’t make much

A whole life policy that combines term insurance and investment elements is called: