Life insurance companies

This article explains that life insurance company works for shareholders and not for customers.

My comment
In the past, most life insurance companies are mutual companies (including cooperatives) that work for the interest of customers. In recent years, most of these companies have become de-mutualised or have started to think about maximising profits. It is dangerous to entrust your long term savings to these companies, especially if they have the discretion to pay a lower rate of bonus to customers.

It is better to invest in a low cost investment fund, which is within your control. This is explained in my book on financial planning.