Life insurance is a very important element of personal financial planning. It has many benefits, but there are so many different types of policies, and individuals have so many different needs, that a very careful evaluation must be made before committing to building a life insurance portfolio.

When I managed investment funds at a life insurance company, I found it quite interesting that the managers of the employees who sold life insurance products were quick to blame the investment division for their failure to outperform the competition. They often argued that they were not given good enough investment performance to sell the insurance products.

It was common practice then, and I believe it persists today, for those selling insurance to do so on the basis of how much money the prospective policyholder could get from the policy several years down the road. The truth is, the cash values and the values of units were often based on projections and were not guaranteed.

https://jamaica-gleaner.com/article/business/20220327/oran-hall-buy-life-insurance-satisfy-your-needs