You bought a Term Insurance, if you pass away your wife or kids receive a $500,000 payout.. if you continue to live you continue to pay the premiums yearly… what is this?
This is actually a PUT OPTION!
You bought a Term Insurance, if you pass away your wife or kids receive a $500,000 payout.. if you continue to live you continue to pay the premiums yearly… what is this?
This is actually a PUT OPTION!