104. Life Insurance can enhance your wealth building ability!

 

I have spent over 30 years of my career as a corporate executive in financial services companies ranging from Life Insurance, Mutual Fund to HMO operations, during this time I have met and became friends with quite a number of investment professionals and fund managers in my work in product development. 

When I decided to become a financial advisor in 2019, these "friends" of mine suddenly became unavailable, as what millennials would describe it - "na-seen zone ako!" ha ha ha

Thinking about it I guess the reason is that there is a common belief among investment professionals that they can invest their way to prosperity, that life insurance has no place in their portfolio. That based on the typical investment measure of ROI (return on investment), Life Insurance products will fail miserably.

I totally agree on this basis, that Life Insurance may be poor investments but there are some key points that these investment professionals may be missing.

Investment returns is the reward in the assumption of investment risk; more risk-more returns and vice versa, the success of any investment activities may mostly depend on the market and how it evolves in the future, what they may be missing is the most important component of any investment exercise which is the well-being of the INVESTORS themselves, what's the use of achieving the desired retirement funding targets if the investor is too sick to enjoy it?

I would be presenting some of these insights in my talk this coming Saturday June 17,2023 in the largest personal finance conference of the year - FFF 2023! I am told my slot would be at 4PM

I would focus on the 3 perils faced by the small investors!

see you there my friends!

#acgadvice