Anonymous

15 Dec 2022

∙

Do you think insurance is an asset or liability?

Had a discussion with my colleague, and we couldn't figure out how we should put insurance when calculating total assets. What are your thoughts?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

YOC

03 Jan 2023

I consider cash value of the insurance as asset

Reply

Save

Cherie

22 Dec 2022

It is an asset. 100%, its basically borrowed money, except you pay premiums and not interest.

Reply

Save

Just_Saying

19 Dec 2022

Face value of life insurance (if available) is as asset. paid premium on term insurance is expense....

Write your thoughts

Related Posts

Is insurance an asset or liability?

Why is asset = liability + equity? Shouldn’t it be asset = equity - liability because assets put money in your pocket. Liability does not?

At what life stage do you think the review of the insurance coverage will be almost finalized? I always think the coverage is inadequate and after getting the new insurance, I feel i'm overinsured. Any thoughts?

I am thinking about buying a life insurance and CI rider but the agent suggested to buy CI term insurance and life insurance as 2 separate plans. Any advice?

For individuals who purchase a home and thus have housing liabilities, should they use a home insurance scheme as protection or increase their life insurance coverage ?

Related Posts

Is insurance an asset or liability?

Why is asset = liability + equity? Shouldn’t it be asset = equity - liability because assets put money in your pocket. Liability does not?

At what life stage do you think the review of the insurance coverage will be almost finalized? I always think the coverage is inadequate and after getting the new insurance, I feel i'm overinsured. Any thoughts?

I am thinking about buying a life insurance and CI rider but the agent suggested to buy CI term insurance and life insurance as 2 separate plans. Any advice?

For individuals who purchase a home and thus have housing liabilities, should they use a home insurance scheme as protection or increase their life insurance coverage ?