Every mutual fund has a specific investment objective that establishes the fund's overarching goal and the kinds of assets it may hold.
Mutual funds are expertly managed investment portfolios comprising many asset types, including fixed income (bonds) and equities (stocks).Every mutual fund has a specific investment objective that establishes the fund's overarching goal and the kinds of assets it may hold. MF are professionally managed by Fund Managers, who allocate the fund's assets and attempt to produce returns for investors.
Diversification is provided by mutual funds. The dangers involved with investing in a single security are diminished because you're not putting all of your eggs in one basket because the majority of mutual funds often invest in a variety of securities.
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Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.
Life insurance is important because it provides financial security to the family in case of the unfortunate death of the policyholder. Life insurance can enable the family of the policyholder to stay financially independent so that they do not have to compromise their lifestyle.
Having life insurance will give you peace of mind. Life is uncertain, and life insurance can offer financial assistance to your family when you are no longer around.
If you have a family, a business, or others who depend on you, the life insurance benefit of a whole life policy acts as a financial safety net. When you die, your beneficiaries will receive a lump-sum payment that is guaranteed to be paid in full (provided all premiums are paid and there are no outstanding loans). It’s essential protection that you can count on to be there for your loved ones when needed.
Imagine what would happen to your family if the income you provide suddenly disappeared. With whole life insurance, you can help make sure that your loved ones have the money they need to help:
Your beneficiaries will be able to enjoy every penny you leave them. That’s because the benefit of a life insurance policy is generally passed to the nominee, income tax free.
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