Which is the best insurance company in terms of investments? VUL performance?

Can you please advice me which is the best insurance company in terms of investments? Manulife? Sunlife or Philam? Thanks.

Answer:

Ask yourself first what your needs are. If you need life insurance, then go to a life insurance company, but if you need an investment, then go to an investment company (and not an insurance company).

If you need an investment, then decide on your financial objectives first. Why are you investing? Where will the money be used? When will the money be used?

It’s wrong to ask what’s the best investment – rather, you should ask what investment can help you achieve your personal goals.

Learn about the concept of BTID – which is “Buy Term, Invest the Difference” – this will help you save a lot of money.

Lastly, remember that personal finance is personal and it is only you who knows what’s best for you. Ask yourself what exactly your needs are, and then that’s the time you seek products that can meet those needs.

As for the question on Manulife, Sunlife or Philam – I believe that all of them are great companies and all of them have term insurance and mutual funds that can help you achieve your financial goals.

Read more: The Best Insurance Company in Terms of Investments

Tags: insurance, investments, VUL