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Life Insurance: A Risk Mitigation Tool that Should Not be Considered an Investment

by
Matthew Blume, CFA

Life insurance can be a highly effective risk management tool that should have a place in most Americans’ comprehensive financial plans, but life insurance products should not be viewed as investments for a number of reasons. For most people, a term life insurance policy should provide cost-effective protection against the financial repercussions of the untimely demise of a family member while leaving the policyholder free to invest his or her capital in suitable investments