Regulations around savers, please

Life insurance products and mutual funds have overlapping features, since insurance companies mainly want to sell their products as wealth accumulation aids. Life insurers today are training their staff not to talk of selling policies in the first meeting; they are supposed to talk of “meeting all your financial needs” such as education, marriage, retirement and so on. Mutual fund companies are less aggressive. But they are also selling something that is theoretically supposed to fund your education, marriage, retirement and so on.

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