video : Webinar: A Private, Protected Asset Class
The concept and use of insurance has been around for thousands of years. Life Insurance, and Permanent Insurance, as we know it today, has been in use for over a hundred years. One benefit to owning Whole Life Insurance is that it naturally comes with built in protection.
Whole Life Insurance is a type of investment asset that provides a safeguard for your money as you reinvest your cash value into other performing assets. If the stock market is where you like to earn a passive income, you can invest with your cash value, preventing the stress that comes with market downturns and volatility.
In addition to enhancing your investment strategy by protecting yourself with Whole Life Insurance, this cash value asset can also be protected from creditors. Though exemption laws vary from state to state, typically cash value insurance is one of the few assets protected from divorces, lawsuits, or even bankruptcy.