Financial Planning 101

[cebuanalawyer]

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The only place insurance has I financial planning is as an estate planning tool ( for when you die). in such instance, your life insurance must be a universal life insurance that states an irrevocable beneficiary. Otherwise, its proceeds will still be subject to estate tax.

For us alive ones who aim to enjoy money during our lifetime, insurance isn't really that useful. Better to build up an emergency fund instead.

[H.Wolowitz]

The only place insurance has I financial planning is as an estate planning tool ( for when you die). in such instance, your life insurance must be a universal life insurance that states an irrevocable beneficiary. Otherwise, its proceeds will still be subject to estate tax.

For us alive ones who aim to enjoy money during our lifetime, insurance isn't really that useful. Better to build up an emergency fund instead.

tinuod jd ka nga lawyer mam? hehe