Question

Identify any long term insurance product you would consider buying in the future, justify the reason for your choice

Answer 1

Answer:

There are various types of long term insurance products which can be taken into consideration for buying with one of the best being, life insurances such as a credit life insurance product.

Explanation:

Following is the justification for my preference for this type of long term investment,

While buying this product of credit life insurance, there is a guarantee that after the death of a person, the monetary value of his insured life will be given to his/her family members.

This type of investment is a worthy investment because indeed when a family member dies especially if he/she is the breadwinner of the family, the money tends to help a lot. Furthermore, deaths are uncertain which is why this serves as a great attraction.

In this way the debts of the deceased would be paid off much easily.