Saving, Life Insurance and Investing - 2nd Revist

Someone asked "My mother is thinking of buying a 5 years insurance plan with a single premium of $10,000. She is still in good health and the reason she's buying is to get safe returns that are higher than the bank interest."

It is quite common that people are not clear on the differences in saving, investment, and insurance.

It is good to understand Saving, Life Insurance and Investing - Revist