Your eyes are glued to CNBC. The closing bell rings. Your heart drops into your stomach, and your palms sweat. The Dow is down for the second month in a row, and all you can think about is how your portfolio is shrinking more and more each day.
Have you lived through this nightmare before?
For many Americans, these feelings conjure up memories of the ghost of the 2008 recession past. Many lost a sizeable chunk of their portfolio and, unfortunately, some of these people won’t live long enough to recoup all of their losses.
It’s not all doom and gloom, though; there is light at the end of the tunnel. Life insurance can back up your portfolio in good times and in bad times, so you can relax when you watch the latest financial reports, instead of biting your nails and sitting on the edge of your seat.
1) In case of portfolio emergency, use insurance: If you work for a corporation, chances are a portion of your salary is tied up in the stock market. Depending on how much money you choose to add and how diversified your portfolio is, you may have a significant amount of your money linked to the market. So what happens if the Dow comes to a grinding halt? A cash-value insurance policy can provide you with added security in case the stock market reduces your net worth. Cash-values and the level of protection can be adjusted according to your needs, and they also earn interest!