Financial planning is a very important part of securing the future of you and your family. When including insurance in your financial planning, there are several things that you should be aware of and take into consideration before choosing the insurance products that will be added to your portfolio. There are several different insurance products that may be included in your portfolio and each one will provide different benefits for your financial planning needs.

One of the most popular insurance instruments for financial planning is the insurance bond. In most cases, the insurance bond is used to create long term capital growth, but in some cases, the insurance bonds can create an income stream for the holders. These bonds are comprised of a varying number of units of certain funds and the value of the units will depend on the value of the investments included in the funds. There is an element of life insurance included in the bonds, even though the return on that portion of the investment may be very small if paid in the event of your death.

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