Young FamilyWe have all heard the saying "don't put all of your eggs in one basket." When investing the reason why we do this is to spread out our risk. Risk that if one investment doesn't perform well, we have others to drive the growth. We call this diversification. We tend to diversify by investing in funds that are lower risk/lower return/lower volatility (fixed income) as well as ones that are higher risk/higher return/ higher volatility (equities).

As you can see by the title above I believe that in some capacity we should use some whole life insurance as a part of our fixed income component asset. By incorporating this we:
  • Protect the people who rely on us: Replaces lost income by providing a death benefit for loved ones when we die
  • Create an asset that can be used for almost anything: Boost retirement income, pay tuition, and provide emergency cash flow option
  • Spread out Risk: Gives you a fixed income option that has no negative Interest, average growth rate of 5-6%
  • Incur many Tax Advantages: Money grows tax free; death benefit tax free, strategies employed can limit/avoid tax upon redemption
Par Life Insurance combines permanent life insurance protection with a tax advantaged growth component. It also provides a core of guaranteed values, plus the opportunity to receive policy owner dividends.

Want to see how this could fit into your portfolio? Call Heritage Insurance, Ltd. at (306) 693-7640 for more information on Moose Jaw life insurance.
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