If you pay $620 per month till twenty years in a Life insurance policy you will get $10M maturity value after twenty years. If The long term Life insurance policy make The ROI is 10% yearly in USA:
Total Premium = ($620X12)X20 = $148,800
Maturity Value = Total premium X (1 + ROI/100) ^ 20
Maturity Value = $148,800 X (1 + 10/100) ^ 20
Maturity Value = $148,800 X 6.7275
Maturity Value = $998,250
Approximately = $10M
Investing $620 every month for 20 years with a 10% yearly ROI is worth $1,001,142.40. Your investment would be, The $10 million return is significant, and it may or may not be cashed.
In conclusion, if you want to get the maturity value of $10 in 20 years, you need to pay a $620 monthly premium until 20 years. You would need to invest a lot of money initially. However, a yearly ROI of 10% could still generate a considerable return over 20 years. It is always important to consult with a financial advisor about any investment opportunity before making any decisions.
