Why do people buy life insurance?
Why do people buy life insurance?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Why do people buy life insurance?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Auto Insurance Auto Insurance Company Best Golf Boston Celtics Buy Insurance Car Auto Car Insurance Company Insurance Dad Game Golf Ball Golf Balls Golf Cart Golf Club Golf Clubs Golf Course Golf Courses Golf Game Golf Swing Golf Tournament Good Golf Handicap Health Insurance Holes Insurance Insurance Auto Insurance Car Insurance Company Insurance Life Insurance Work Irons Life Insurance Life Insurance Company Life Insurance Policies Life Insurance Policy Lot Money Parents People Play Golf Playing Golf Taylor Lautner Term Insurance Tiger Vw Golf
WP Cumulus Flash tag cloud by PopVan.cn and Rve requires Flash Player 9 or better.
11 Responses
2.1.2010
Best Answer – Chosen by Voters There's many reasons why people buy life insurance, but many buy it for the wrong reasons. Here are some of the wrong reasons to buy life insurance:1) To save for retirement (you can do that with IRAs and 401(k))2) To save for kid's education (you can do that with Coverdell, 529 plans, or opening a UGMA account)3) To save for down payment of a home or car (your savings account or money market account can achieve this)4) Having ability to borrow your own money at a low interest rate (don't this sound like a scam to you? But its legal since its in the contract)5) To be insured for the rest of your life (I don't know about you, but I don't want to pay for life insurance when I'm retired)Here are some good reasons to buy it:1) To protect your income2) To pay off the mortgage and other debts in case you die3) To pay for funeral costIts quite common that life insurance agents and financial advisors will sell people on the idea of having life insurance and savings together. Its 2 products in one. But the sad truth about these life insurance products that build these so-called "savings" is that you can only get one of the product back. If you die, you lose the savings. If you cancel the policy, you get the savings (minus surrender charges), but you lose coverage.If people truly know everything about life insurance and how they work, every single one of them will buy term insurance. But most people are not going to spend time to research these products. So I created this blog that has all the information about the different types of life insurance: http://finance1o1.blogspot.com
2.1.2010
The term health insurance is generally used to describe a form of insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from high or unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government. Source(s): http://herypgri1.blogspot.com/
2.1.2010
One of three reasons:1. People buy life insurance because they love someone else, and don't want to see the person, or persons they love suffer financially in the event of their untimely death.2. To protect a business partner from loss with a buy-sell agreement, funded by life insurance.3. Some people buy life insurance in order to leave a legacy to a favorite church or charity.Smart people buy life insurance! Those who are not so smart don't! Source(s): Retired agent
2.1.2010
just in case you feel that some day in the near future your gonna die and would be better to leave something behind for friends or family, like a few thousands of pounds. but you must be a certain age to get life insurance.you'll probably be 50+ or you shouldn't think about it because you'll spend £s a month when someone is likely to die 50+.and you must think is your family or friends that evil to spend the money on themselves if you die. highly unlikely or they put the money to good use.but on a whole you must think carefully
2.1.2010
Get your life insured has so many benefits specially for the people whom you left after you leave the life.Life Insurance has today become a necessity rather than a luxury. Its imperative that people take a Life Insurance Policy so that their loved ones are taken care of in the event of their death.i refer you a site to visit and compare the Insurance premiums, Insurance cover, tenure etc online .http://www.paisawaisa.com/insurance/life…
2.1.2010
make use of the SE like google or yahoo to get some ideas first if you want to get the massive information,however if you do not want to spend so much time,here http://www.insuranceidea.info/free-insur… is a direct and good resource for your questions.
2.1.2010
so that if they die their family is covered, also with a lot of mortgages the highest earning family member needs to have life insurance to be eligible for the mortgage.
2.1.2010
Younger people don,t worry about insurance.Young home owners need the protection just in case.Older people always insure.
2.1.2010
Should they die, they want to protect their dependants, financially.
2.1.2010
To ease the financial suffering of the bereaved.
2.1.2010
Another reason is to cover the cost of a funeral.