| Why you need Life Insurance? |
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Stuart Mackenzie
Member
Cash: $ 2.50
Posts: 12
Joined: 25 Apr 2012
Location: Norfolk UK
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| Winston Churchill's view on life assurance |
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“If I had my way I would write the word ‘Insure‘ upon the door of every cottage and upon the blotting book of every public man, because I am convinced for sacrifices which are inconceivably small, families and estates can be protected against catastrophes which would otherwise smash them up forever. It is our duty to arrest the ghastly waste, not merely of human happiness, but of national health and strength, which follows when, through the death of a breadwinner, the frail boat in which the family are embarked, founders, and women and children of estates are left to struggle in the dark waters of a friendless world"
As a financial adviser for the last 25 years I have seen the consequences of a lack of life assurance (disastrous) and the consequences of a properly insured breadwinner dying - no financial stress or worries for the surviving spouse and they can concentrate on handling the personal grief knowing that there is not financial ruin as well.
I do not know about the life insurance market in the United States of America that here in the United Kingdom there is a relatively little-known o type of life assurance called Family Income Benefit. It is dirt cheap and yet provides a tax-free income from the date of death of life assured until the end of the agreed term. In my opinion an absolute "no-brainer" that anybody who wants to ensure that their surviving spouse or partner can continue to live in the manner that they have been comfortably used to.
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Tue May 15, 2012 5:29 pm |
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indieagent
Member
Cash: $ 2.40
Posts: 10
Joined: 22 May 2012
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A life insurance coverage is definitely one of the best investments you can make for your family. You may resent having to pay a monthly premium but at least you can be sure that your family's financial security won't be compromised in the event of your death.
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Wed May 23, 2012 7:49 am |
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safariride
Member
Cash: $ 1.55
Posts: 22
Joined: 20 Jul 2011
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If you are getting a % from a deposit, you interest rate determines how big of a "bonus" you get each year. this normally makes peanuts, unless it's really a shitload of money on your account and you have to wait years until the sum multiplies.
The thing that is different about life insurance is that if one invested say 300K into a LI, (s)he will get 900K even if (s)he passes away the next day.
yeah, wish you guys a long life but just saying once I saw this one as a hot topic here.
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Tue May 29, 2012 2:37 pm |
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kandhoshlo
Member
Cash: $ 2.00
Posts: 10
Joined: 03 Jun 2012
Location: Mexico
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All anyone would want is to secure their family financially. Life insurance does this. It helps you to ensure that your family is financially secure at all times.
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Tue Jun 05, 2012 8:28 am |
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Anne Land
Member
Cash: $ 3.05
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Joined: 11 May 2012
Location: Auckland
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Life insurance provides a lump sum in the event of death to cover mortage , family income. It provides the lump sum required to cover all debts to ensure your family or business is not left in a precarious situation. Once you have built up your savings you can decrease the amount of cover. It is so important when you have young family, as it is hard enough learning to live without someone you love, but if you have added financial pressures, life is not good.
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Mon Jun 18, 2012 10:26 pm |
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jamescruz
Member
Cash: $ 4.70
Posts: 23
Joined: 16 May 2012
Location: CALIFORNIA
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Life insurance is certainly very important and everyone should get their life insurance done. It takes care of our family's financial needs when you are no more. Life Insurance also protects your assets and is a great investment choice. An ideal time to buy life insurance is when you're healthy because you'll pay less. Other factors to consider when you're deciding on life insurance is medical expenses, your children's age, whether you're the sole income earner and funeral expenses, among others.
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Wed Jun 20, 2012 4:59 am |
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Liopfiqer39
First Time Poster
Cash: $ 0.20
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Joined: 28 Jun 2012
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Funny you don't understand that. The risk that people insure themselves against is the risk of the loss of the deceased's income and the unexpected financial burden upon the survivors. In other words the risk of SURVIVING.
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Thu Jun 28, 2012 6:07 am |
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MargueriteSmithas
New Member
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Posts: 3
Joined: 30 Jun 2012
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i dont think you need such kind of things if you have wealthy back ground these are for those people which are not much wealthier so that if they die their family gets all the benfits
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Sat Jun 30, 2012 9:06 pm |
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Sabrina Gage
Preferred Member
Cash: $ 27.20
Posts: 133
Joined: 31 Dec 2010
Location: Canada
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Nowadays, the importance of having a life insurance is more and more prominent. It pays you back when you get old. The more you invest, the more you get paid back when you retire or reach a certain age.
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Wed Jul 04, 2012 1:35 am |
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WisdomF
New Member
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Joined: 19 Jun 2012
Location: Dubai, UAE
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It is wise to have a good health insurance plan not just with a basic coverage but preferably with full coverage to avoid an unexpected large bill.http://mywealthdesire.com/financial-tips-expats/
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Wed Jul 04, 2012 1:46 am |
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tlyhr
New Member
Cash: $ 0.60
Posts: 3
Joined: 11 Jul 2012
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All anyone would want is to secure their family financially. Life insurance does this. It helps you to ensure that your family is financially secure at all times.
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Wed Jul 11, 2012 6:58 pm |
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tlyhr
New Member
Cash: $ 0.60
Posts: 3
Joined: 11 Jul 2012
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All anyone would want is to secure their family financially. Life insurance does this. It helps you to ensure that your family is financially secure at all times.
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Wed Jul 11, 2012 6:59 pm |
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seema12
New Member
Cash: $ 1.00
Posts: 5
Joined: 19 Jul 2012
Location: india
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No one wants to leave their family financially insecure for the future.Life insurance is to protect your family and other people who may depend on you for financial support.
That's It.
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Thu Jul 19, 2012 8:34 am |
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ShelleyM
Member
Cash: $ 4.85
Posts: 24
Joined: 21 Sep 2012
Location: NY
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Life insurance give you freedom of life with risk covers which cares your family after your life. Also it saves regular money from your pocket and gives benefits on your retirement. And always keep protected our families.
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Thu Oct 11, 2012 5:59 pm |
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