Is Insurance an Asset or Liabitility?

Question

Is Insurance an Asset or Liabitility?

Answer 1

Definetly An Asset!

IF You Choose Permanent Universal Life Insurance...

Protecting Your Family, Investing for Your Future

You need insurance - and you want long-term investment growth.

Our universal life insurance plan combines permanent life insurance protection with a flexible portfolio of investment options, customized to your financial needs and aligned with your risk tolerance. Contact us and we can help you select the coverage and investments that are right for you.

Help with a complex subject

In today's world of complex tax laws, you want maximum protection for your estate - and our universal life insurance plan can provide it. However, universal life insurance offers many options, so contact us today and talk to one of our professional Insurance Representatives for help in selecting the coverage and investments that are right for you.

How it works

Each payment you make is divided into an insurance premium, a small administration charge, and a deposit into the investment accounts of your choice, where your money grows tax-deferred.

When you choose a universal life insurance plan, we will help you design an investment portfolio that suits your unique risk tolerance. You can choose to invest in interest-bearing accounts, which guarantee a fixed rate of return. Or you can choose accounts that fluctuate with market performance.

Answer 2

In terms of a balance sheet insurance would be considered an asset only if it has a redeemable cash value. It would be considered a liability because you owe the premium due.

Answer 3

Neither, it is protection against the unknown risks to protect your assets.