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Purchasing a life insurce is ''Efficient'' in the sence that it might be benifical according to your targets. Some life insurance products have the same specificities as banks products but are infact cheaper because they depend in the occurence or not of the death of the policy holder. The life products are then bank products to which the price is multiplied by a life probability that is included between0 and1. It is multiplied thus by a ratio or in other words this price is divided. Hence it is cheaper.
From this prospective choosing a life insurance product or a financial product depends on your prospective and on your portfolio management i.e on your risk/Expectation appetite. It s thus a product that belongs to the efficient frontier of Markovic.
I do agree is a good investment, but I do not agree purchase insurance policy is a good investment because it is not a sustainable solution for the organization. For example, when I joined in my present organization I saw that we purchased insurance policy for our organization, but we did not get10% benefit from insurance company then I noticed to Head of HR and talked with him to review this policy whether we go to purchase or create by the organization. After that Head of HR assigned me how we do more effective on this issue. I proposed that organization will prepare a health policy and open a new account for the name of health perquisites policy. In recent we have covered400 employees’ health hazards and account has big amount of money after covering all cost.
