Investment is usually undertaken because we want to provide an income for ourselves and our dependents when we have left off earning one by our work, and to have a sum ready in the hands of our executors to pay the cost of burying us and proving our wills and filling the rapacious claw which the Chancellor of the Exchequer holds out whenever an estate passes by inheritance.
Investment for all these purposes can be done by means of a policy, or policies, of life insurance, with the additional and very important advantage that if we happen to die the sum assured is immediately available for those we leave behind.
It therefore follows that anyone who has wife or child or others dependent on him should make his insurance premium the first charge on his income after the barest necessities of life
