I find that insurance is a need that changes and evolves, depending on where we are in our lives. For most of us, in our earlier years, when our income is limited and assets are slim to none, we need insurance in case the unforseen happens so that we do not become a financial burden for our loved ones. As we get older and our earned and unearned income potential increase, we develop a need for permanent insurance products, and there are many to choose from. Nowadays there are some very interesting products out there - Split Dollar, Universal Life, ROP (Return of Premium - returns all premiums paid after 20-30 years, as long as the policyholder survives) and so forth. The idea is to find the product that's right for you at every given stage of your life.

Last edited by Encore DT; 06/06/12 10:16 PM.