Health & Life insurance agents in Lewisville, says the majority of insurers believe life insurance is an expense, but could easily be viewed as an investment

LEWISVILLE, TEXAS, USA, June 14, 2023/EINPresswire.com/ -- Life insurance Lewisville can really come in handy to help plan for unexpected life events and cover expenses most Americans and their families don’t have an emergency fund to cover. With that said, various insurance products come with the added benefit of getting returns on that money. This has created a ton of confusion in the marketplace among insurers and policyholders as to whether or not those policies should be considered an expense or investment. According to several officials, the answer isn’t as simple as one might think.

More information can be found at: https://insurance4dallas.com/life-insurance-Companies-in-Lewisville/

Proponents of the thought that life insurance is an expense rather than an investment point to basic mathematics in that insurance policies typically consist of two parts: administrative expenses and mortality expenses. Therefore, the expense ratio is then calculated as a percentage of the overall premium. Essentially proponents argue that even when an investment component is added to the product, it doesn’t change the expense structure being applied. Therefore, any investment being realized is taken away as administrative expenses. With that said, there are certain life situations where the same products appeal to investors — thus making it more attractive. Many life insurance companies in Lewisville might agree with this train of thought, but that hasn’t stopped many in the know from asserting that life insurance is still an overwhelming expense. Only in rare circumstances can it be an investment.

Rick Thornton, one of the top health and life insurance agents in Lewisville, said he talks to clients all the time about evaluating risks and choosing life insurance products that meet their unique needs. Whether those policies are ultimately seen as an expense or investment can be figured out and properly managed along the way. Having a knowledgeable life insurance professional in their corner helps ensure all their bases are covered now and well into the future.

Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies. 

Rick Thornton
Insurance4Dallas
+1 469-766-4769
RickThornton@insurance4dallas.com
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Life insurance Lewisville officials debate if policies are an expense or investment

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