Security

In our side of the world, you can use your life insurance as collateral for the mortgage of your house – obviously it is called, mortgage life insurance. Apparently, you have to take out a big life insurance if you’re house is dear – big premium follows.

Also here, you can have a life insurance from your Superannuation. The downside of this though is, your super is not growing or moving at all because the growth might just be equivalent to the life insurance premium. Especially in times like what we are now, the economy is moving slow and the stock market is moving down, super is likely not moving at all.