An Insurance Policy is an investment tool that is highly focused on protection as a financial safety net against any unforeseen financial setbacks. And the investment and savings are called premiums which are the same as the GSIS and SSS ‘premium’ contributions. Having a policy gives you 4 of the 7 streams of passive income.
4 Out of 7 Passive Income in an Insurance Policy
1. As a semi-liquid (converted to cash) asset and permanent life insurance will allow your policy to grow and increase in value which is almost similar to a capital gains passive income.
2. Interest income happens if you treat premiums as savings, you become the lender to businesses who need your money for their business operations expenditures and which also in return earn higher interest income than a regular bank savings account which can be compounded annually?
3. Dividend Income allows you to own highly diversified shares of stocks through the investment component of an insurance policy. A highly diversified investment portfolio is a more advantageous investment in owning stocks for medium and long-term financial goals.
4. Did you know that by investing in an insurance policy, you can also choose bonds aside from shares of stocks? Bonds are usually invested in fixed-income assets and one of the good examples (for there are many) is rental income from a property.
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