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I was on the receiving end of this call today morning:
Good morning. I am calling from MetLife India Insurance Company. We have all kinds of insurance policies…ULIPs, whole-life policies, endowment policies, money-back policies, and children’s policies. Would you be interested?
All the products quoted above make the insurance company rich — because insurance as an investment is a great investment for the insurance company but a terrible one for you. Whatever happened to pure term policies which is what you should actually buy for your life insurance needs?
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.