life insurance question

Re: life insurance question

The primary reason for life insurance is to protect your heirs from the big one (your death). If someone depends on your income (e.g. a spouse or children), then you should have life insurance to replace the income they will no longer get if you die. If you have enough savings to to provide sufficient income, then you don't need life insurance. You should buy term insurance until your savings is sufficient to provide the necessary income. Life insurance salesmen will also push life insurance as an investment or as a tax planning tool. If you are a knowledgeable investor, I believe you would be better off buying term insurance and investing the difference.

Re: life insurance question

No it isn't betting. You hope you never collect on life insurance. You just want to be prepared in the unlikely event that you die young. Life insurance is inexpensive when you are young. That is when you need it most. As you get older, you will hopefully have accumulated enough assets that life insurance is no longer necessary.

Re: life insurance question

Taking a life insurance plan is always advantageous. The most important advantage is that you can use it as an assets. You can borrow or can choose to cash your policy in the value. Of course, you won't get the insurance prise but at least you will have some cash back for the premiums.

Re: life insurance question

The main reason for life insurance to protect your heirs from large (death). If someone depends on your income, then you should have life insurance to replace income, they will no longer be to if you die. If you have sufficient savings to provide sufficient income, then you do not need life insurance. You should buy long-term insurance until your savings are insufficient to provide the necessary income. Life insurance salesmen will also promote life insurance as investment or tax planning tool. If you are a knowledgeable investor, I believe you will get better long-term difference between insurance and investment.

Re: life insurance question

Well, through life insurance, you can make sure your family is protected. It should be sufficient to bail out the family when they face large financial exigencies. The amount of coverage needed will vary from one family to another. You can go through an insurance company or a broker who can shop rates. Just call around and get quotes.

Re: life insurance question

You must delete the information you just leads to confusion and decide which pieces of information are useful. However, there is a short list of things you should know before deciding.

Re: life insurance question

life insurance is not a betting, anyone can't say that at when he will die or how long he will live here, death does not come with a warning, we don't know when shortly it will come and we die, and also don't know that at when we are young or old, at when in which condition have our family, so when our life insurance claim can help them better.

Re: life insurance question

Life insurance is mandatory for all because they really helping to your family after your death or close your premium you get more money so life insurance is really good for all. Life insurance company are increase more and more so you can get best one and getting more nice life insurance plan for safety on your family.