| Why you need Life Insurance? |
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bizzyx33
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Everyone should be purchasing life insurance. I am a financial planner working as a agent and got my whole family and friends to get life insurance. My company actually pays if you have a stroke, heart attack, invasive cancer, organ transplant, blindness and don't die. It's the only company that pays if you don't die which was why I pushed them to buy it. All of those conditions above are common things that anyone can get. A recent example is Steve Jobs.
It actually helped some of my family member and friends family when they were in financial crisis. One example was my grandfather suffered a stroke and lived but he was able to get 95% of his death benefit that he used to pay for medical bills and house bills. He thanked me for forcing him to buy it when he didn't want to buy it back then because of his mentality of "Nothing will ever happen to me".
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Wed Oct 12, 2011 7:22 am |
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globaldoc2001
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We know for a fact that we will never live forever. Sooner or later, we would have to die. This is the reason why buying a life insurance would be best, and leaving the kids as the beneficiaries. In due time, they would be able to get the insurance claims when they are already more matured to handle money, and this money will not be a small amount.
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Wed Oct 12, 2011 9:53 am |
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bizzyx33
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quote:
Originally posted by globaldoc2001
We know for a fact that we will never live forever. Sooner or later, we would have to die. This is the reason why buying a life insurance would be best, and leaving the kids as the beneficiaries. In due time, they would be able to get the insurance claims when they are already more matured to handle money, and this money will not be a small amount.
That's why it's a good idea to buy when you are young. The longer you wait, it will just be more expensive and make you not want to buy it because of it's payment.
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Thu Oct 13, 2011 6:39 pm |
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globaldoc2001
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This may sound a bit morbid, but the truth is, we all have to pass away from this life. This is an undeniable truth. The very basic question here is, when will this happen. Therefore, this is the way I think. Since I will be passing away for good, why don't I make the most out of life, and even out of my death where my family members and my kids will actually benefit from my demise?
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Fri Oct 14, 2011 5:57 am |
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peterleewaih
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Location: Australia
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The payer of Life insurance will suffer with the payment and the policy beneficiary will enjoy fund after the policy holder pass away.
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Fri Oct 14, 2011 12:02 pm |
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Spaandonk
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Definitely insurance is necessary to help meet specific needs that your family will have in the future. It is always advisable to buy a life insurance as at times in life it is not possible to stay away from the losses. Insurance plays a significant role in sharing the risks of people in a reasonable form. It helps the people to speedily recover from damages and losses. It is a perfect guarantee for financial losses.
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Wed Oct 19, 2011 4:55 am |
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globaldoc2001
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I know there are insurance policies tat are actually fund raisers. From what I now, these are life insurance, and they will give back a certain amount after a few years. Yet, after this, it still remains to be a ful life insurance policy.
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Wed Oct 19, 2011 5:37 pm |
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Farhaad1290
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Life insurance is designed to protect your family and other people who may
depend on you for financial support. If you die and lose your income, the people you left behind your family they will be benefited by the life insurance policy and by this you can protect your love once and your family.
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Sat Oct 22, 2011 9:30 am |
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michael36
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Life insurance is not for the benefit of the person who is insured, it is for the loved ones of the insured. Your family needs the guarantee of a comfortable financial future in case something happens to you. A life insurance policy may well help you achieve that goal.
The main purpose of life insurance is to allow your family to continue with their current lifestyle as long as you're not around. It is also designed to help meet the specific needs that your family will in the future.
Here are some examples of how a life insurance policy you can protect your family:
Life insurance to replace your lost income if you are going in the future.
You can pay your mortgage and give your family a home free of debt.
Credit card and other consumer debt can be settled in life insurance benefits.
A life insurance policy adequate funding for quality education for their children.
The final cost can be paid with funds from life insurance, avoiding the need for your spouse and / or children to have to deal with them in the worst possible time.
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Tue Oct 25, 2011 8:06 pm |
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johnjessi
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First of all, most people believe life insurance is taken out to pay for the burial expenses of the policyholder. And while this may be part of the reason people obtain life insurance, this is not what the insurance coverage is intended for! Life insurance is meant to replace the income that is lost by the policyholder's death, and to be used to pay for the needs of the deceased policyholder when you are no longer earning money to do so. If you have children or relatives who depend on your income, then you should have life insurance.
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Sun Oct 30, 2011 6:50 am |
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robmejia
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Some people tend to think that they do not need life insurance. What they forget to realize is that we cannot predict when we are going to die. And when that time comes, who will support your family and loved ones? Will you just allow them to fend off for themselves without financial support?
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Fri Nov 04, 2011 11:30 am |
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johnpeterr
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Life insurance is something every person should have. After all, no one really knows when they will leave the earth and it's important that loved ones are well taken care of in the event that this happens. However, it is important to note that there are different types of life insurance currently offered by providers.
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Sun Jan 01, 2012 12:31 pm |
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saabkemp
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People with a lot of dependents must have a life insurance. This will protect their family's future.
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Tue Jan 10, 2012 7:55 am |
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johnpeterr
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It can sure seem at times that when it comes to personal finance and investing, armchair experts are a dime a dozen. Each one with his or her own formulas and theories on how you should manage your money, and the best way to invest it for the highest rate of return. Now for a while there it was real estate.
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Mon Jan 16, 2012 1:51 pm |
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sethm
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Location: United States
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I think the primary benefit of life insurance is that the financial interests of one’s family remain protected from circumstances such as loss of income due to critical illness or death of the policyholder. 
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Tue May 15, 2012 4:37 pm |
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