[Insurance is insurance, not investment, and it will not make you rich! 】

Date written: July 29, 2018

Insurance won't make you rich. Would you like to get rich by buying fire insurance or car insurance? Insurance is insurance, not investment! If you want to invest, just buy index funds. In fact, most of other investment insurance policies are trying to sell dogs on their own, so don’t be fooled!

Many people who sell insurance and annuities only emphasize how much you can return in the end, how much you get back, and how much you pay in claims, without emphasizing whether you need it. Many people are very excited when they hear that they can get back 20,000 yuan a year, or 2,000 yuan a month, and that they can get back the insured amount of 200,000 yuan or 500,000 yuan when they leave the world or die. In fact, insurance only gives you a little money in the end, and does not even give you basic interest, not to mention that the principal will never be returned. Similarly, in terms of premiums or annuity fees, the protection of investing in index funds is much higher than that of other financial products. Because many people are misled about how good insurance returns and annuity returns are, they invest a lot of money and pay for a long time, but the returns and protection are very low.

Recently, the children of many students’ friends have graduated and found jobs. Many insurance companies have begun to offer insurance to these young people, because these young people lack knowledge and can easily make wrong decisions.

Insurance is not a financial product, and it will not make you rich. I have only seen that insurance has a lot of regrets later on, and the returns are very low. I have never seen anyone become rich because of insurance. But it is true that many insurance brokers have become rich.

The best investment for young people is to participate in the company's 401K and invest funds in ROTH IRA or ROTH 401K investment index funds, and buy the index SPY, QQQ.

If you start at the age of 25 and save $300 per month to invest in the index, as long as you invest for twenty years, you will no longer need to invest after the age of 45. When you are 55, you will have one million US dollars. You can get 120,000 US dollars from investment growth every year, 10,000 per month, and the principal of one million US dollars is still in your own account.

If based on calculations, if you withdraw the full amount of ROTH 401K every year (eighteen thousand) and retire at the age of 65 (there will be 7.5 million), you can get 750,000 every year. Which annuity or insurance can give you such good protection and returns? Therefore, the insurance will only give you a little money in the end, not even the basic interest, not to mention that the principal will never be recovered.

Insurance and annuities are definitely not good financial products. This can be very detrimental to financial planning.

The following educational video teaches you how to calculate the rate of return of insurance, annuities and financial products. You will understand that insurance, annuities and many financial products are not good products.

[https://www.youtube.com/watch?v=so9rrY0Zc4M&t=30s](https://l.facebook.com/l.php?

u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dso9rrY0Zc4M%26t%3D30s%26fbclid%3DIwZXh0bgNhZW0CMTAAYnJpZBExQTlTY1JUekpiV3BPR2lQUnNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR4uyJ-eCn4xg9enntDaNZnvB5FJFkb8nym3snfwZ7sDc6W8GWUlkLOQTqZ6XA_aem__ie4B3b4olnAbCJ30_bA0g&h=AT1rkiuZalOTnguU-CoDDqQ_eccWuXNUWqSYYGYo3w1Jf1t9gs-aufGZAdrGd8dPzIBBao61h_5AC_2bR1IH6YOQ87lxlbh63qpAy7hq1IuOcikyf4l-JPCYgYIBT39PDXgdviTYHkMTJ7J0&tn=-UK-R&c%5b0%5d=AT3BMIroirXg9oBk3o4613d_r2aS3RK_vetKIrFFU7-f0BqEFnFw4KkYjzxnOB6NcR9UNGdxDU7bhVEMZYmuDVHjpy1lw8Aj-GoT_nRD3mtRvJIZx-DE-M5UEo14AqA4Eraojy-_Q0X-3b63C2LHJg4pZ_TlnvQIEyyQEojbgyXC_92NpqAWLKaabPWOpQA)

Investment and Financial Management Instructions (2) Are you making the right investment? Insurance and annuities have very low returns and are not investments! Do you need to know the rates of return on insurance, annuities, and other financial products? 01/04/2018 CLEC Club