kayode10
VIP Contributor
I am new to insurance as a whole. As a result I am trying to acquire new knowledge about how insurance works and how I can benefits from what insurance has to offer.
I know that a wide range of insurance like auto insurance business insurance life insurance health insurance home insurance contract insurance etc.
I know someone who enroll for an insurance policy needs to pay premium regularly this can be either quarterly or every month of the year.
For instance if you do auto insurance and unforeseen circumstances happen to your car the insurance company are going to prepare another one for you period and this seems to be a saving for me.
So I want to ask that is insurance a savings or an investment? I'm still confused about it.
I know that a wide range of insurance like auto insurance business insurance life insurance health insurance home insurance contract insurance etc.
I know someone who enroll for an insurance policy needs to pay premium regularly this can be either quarterly or every month of the year.
For instance if you do auto insurance and unforeseen circumstances happen to your car the insurance company are going to prepare another one for you period and this seems to be a saving for me.
So I want to ask that is insurance a savings or an investment? I'm still confused about it.