Stocks & InvestmentsJul 14, 2021

Saving in Insurance Companies (vs Banks or Stocks)

For those who know more about savings, what is your opinion on saving thru insurance companies? Ever heard of PHP (People Helping People) or National Life Group?

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11 Participants

Select only one answer

Fixed (Banks - money safe but barely grows)

Variable - (money goes up and down: stocks, 401K, IRA, etc)

Indexed - (Insurance companies - (money grows between 0 to 9% per year, but doesn’t go down if market goes down)

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Saving in Insurance Companies (vs Banks or Stocks)

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