I Have A Hard Time Saving Money. Should I Buy Life Insurance As A Form Of Forced Savings?
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UPDATED: Jul 16, 2021
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You would probably be better off by using your investment money to buy mutual funds or some other investment vehicle, and use your insurance money to get the most coverage for your insurance dollar. If you need forced savings to provide discipline, you can use payroll deduction savings plans or a plan that uses bank drafts to regularly deduct the amount you want to save from your checking account.