​The Two Economic Powers
​(you're probably not using one of them)
There seems to be two competing philosophies within the financial industry:
  1. Buy the cheapest insurance and invest the majority of your savings.
  2. Avoid the risks of investing and put all of your savings into insurance products with guarantees.
Both philosophies are misguided and biased. Financial research and real-life case studies have shown overwhelmingly that a balance between investments (the economic power of Rate of Return) and insurance (the economic power of Actuarial Science) creates the most efficient income options in retirement, which then allows for optimal liquidity and legacy. Remember, the end goal is not to create the biggest nest egg, but to create a nest egg that will produce the greatest and safest income. Investments and Insurance both play very important roles, but by themselves are inefficient in some way. Together, in the right balance, they create a better and safer way to and though retirement.
We can prove it to you, but these articles are a good place to start your education: