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<p>[QUOTE=&quot;Clawcoins, post: 2913854, member: 77814&quot;]I don&#039;t quite understand that &quot;insurance&quot; reference that</p><p>1 - PMs are insurance, and</p><p>2 - &quot;home insurance properties&quot;</p><p><br /></p><p>Insurance is some form of compensation value after a trigger event.</p><p>Generally, you cannot &quot;cash in&quot; insurance contractual face values.</p><p><br /></p><p>PMs always has a value as it is purchased at at spot+some value.&nbsp; And that value varies whether above or below initial purchase, whereas an insurance value generally stays steady based on face value.</p><p><br /></p><p>But, everyone has their own perception of various definitions and how one handles and perceives certain assets.</p><p><br /></p><p>But I do count my Life Insurance as an Asset on my balance sheet, and certain insurances are used to obtain credit (ie, mortgage ins, car loan gap ins, etc) and expire after some point that leaves no value even with large premium payments.&nbsp; But those have no value unless a trigger event occurs.</p><p><br /></p><p>Actually, I just refused some Supplemental Life Insurance at work because it really had no added value if I died, and considered it a poor short term 1 year &quot;investment&quot; as my gross debt is well below my current insurance payouts and below my net worth.&nbsp; I can do other stuff with $26/mth for term insurance and I have no plan on dying this year. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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