facebookWhat is considered as an expense? Does paying insurance consider as an expenses or an investment? - Seedly

Anonymous

21 May 2019

Insurance

What is considered as an expense? Does paying insurance consider as an expenses or an investment?

Discussion (4)

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Vincent Tan Wen Bin

21 May 2019

Assistant Vice President at Thinkers Alliance

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.

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.

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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