One thing that many investors have overlooked since the global financial meltdown, when their portfolios plummeted and wealth withered, is what’s most important: their own well-being.
When considering personal risk, most investors think only of finance. But there’s more to it than that, says a new report in the Wall Street Journal. Insurance isn’t a piece of paper that will make up for a year’s lost income in the event of an untimely death, but rather a part of an investor’s total assets, which, as with all other holdings, must be continuously revised and re-balanced.
The Journal says that one way for investors to reduce the level of risk on their balance sheet is to properly insure themselves. People should insure themselves heavily in their middle age and then gradually reduce that insurance as they grow older.
Purchasing life insurance can be a daunting task without knowing how much or which type of policy to buy but licensed agents like the ones available at LifeQuotes, Inc. are more than happy to help you get educated and protected.