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Vincent Tan Wen Bin
21 May 2019
Assistant Vice President at Thinkers Alliance
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Gabriel Tham
17 May 2019
Tag Team Member at Kenichi Tag Team
Most insurance is expense. But if the insurance has a savings or investment portion, that is considered savings or investment.
As long as money goes out and does not generate value, its expense.
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Hariz Arthur Maloy
15 May 2019
Independent Financial Advisor at Promiseland Independent
Policies with no cash value are expenses. Policies with cash values are assets/investments....
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If you think about what Robert Kiyosaki says; Assets put cash into your pocket, Liabilities take cash out of your pocket.
I would have to say insurance that does not have cash value would be consider as expenses and those that hold value such as endowment would be considered as savings/investments.