There are a variety of ways to use life insurance from family protection, to estate planning, to business planning.
In some cases, you’ll ask yourself whether the premium to buy life insurance is worth it.
Here are a few examples of those times, and short videos explaining how our Wise Investment Calculator can help you answer if life insurance is a good investment for you.
Examples of When to Use the Wise Investment Calculator
1. Is Life Insurance still a good deal if you get “rated” for a health condition?
Video Intro – Let’s say you were quoted a “preferred” class by your agent for $100 per month, but get approved at a “standard” class and find that your premium will be $150 per month. Our calculator can help you determine if this coverage is still worth the cost.
2. Does it Make Sense to Take Money from Savings to Buy Life Insurance?
Video Intro – Perhaps you are planning to leave money to your children or family upon your passing. It’s money you don’t ever touch or need. Would it make sense to use some of those funds to buy life insurance?