10 Difference Between Insurance And Investment

1. Insurance is not an investment.  2. Insurance is a service or plan you purchase with the intention of guarding against loss of life, property, or health, as well as theft or damage. 3. Investment is something that we save up to use while we are alive.  4.  Investments involve risk but are also expected to produce a higher rate of return than savings. 5. Investing can be scary for the first time and insurance can be confusing. 6. Investments multiply your money and help you build wealth. 7. An Insurance takes care of a financial basic, such as a nest egg for you and your loved ones in the future. An Investment allows you to turn a profit with existing, excess money.