by jeffsmitth » Sun Mar 17, 2013 08:48 pm
I know that this is stupid question that what is prominent Benefit of life Insurance. I think we need to get knowledge about this. Because every person has different benefit and reason.
I want to get views of people about this
I want to get views of people about this
Posted: Wed Mar 20, 2013 02:02 pm Post Subject:
I agree with you that it a stupid question.
Posted: Sun Mar 24, 2013 06:50 am Post Subject:
Life insurance provides us lots of benefits. The main benefit is the security of our family members. The future is uncertain if anything happens then we are become assured that our family is secure behind us. This is the most important reason for me to pay life insurance premium. The other benefit is that after some age and completion of premium we can live a peaceful life from the amount that we have paid for insurance.
Posted: Sun Mar 24, 2013 03:18 pm Post Subject:
Manisha I agree with you, Life Insurance save our family when we face any mishaps.
Posted: Sun Mar 24, 2013 10:29 pm Post Subject:
Life Insurance save our family when we face any mishaps.
Sorry to burst your bubble, but life insurance only pays a death benefit if the insured dies.Posted: Wed Mar 27, 2013 01:35 pm Post Subject:
The other benefit is that after some age and completion of premium we can live a peaceful life
How true. Now that premiums are payable to age 121 we'll certainly enjoy quite a peaceful life after that . . . if we live that long. :roll:Posted: Thu Mar 28, 2013 05:04 pm Post Subject:
Life insurance is mainly beneficial for the family of the insured, as it provides death benefit. However, if its a tem life policy, it may still be possible for you to get back the money in your lifetime.
Posted: Thu Mar 28, 2013 11:56 pm Post Subject:
if its a tem life policy, it may still be possible for you to get back the money in your lifetime.
Please explain how this can happen. I'd be very interested to find out. And please tell us in what state(s) you are licensed to transact insurance.Life insurance is mainly beneficial for the family of the insured, as it provides death benefit.
And if no one in the insured's family is the beneficiary, then what?Posted: Sat Mar 30, 2013 06:31 am Post Subject:
There are many benefits of having life insurances some of them are:
1: Life insurance covers risk factor.
2: It is a Good means of investment.
3: You can get the tax benefits and thus can save some amount of money..
Posted: Sat Mar 30, 2013 01:05 pm Post Subject:
2: It is a Good means of investment.
Life insurance is NOT an investment. It is a contractual obligation with a 0% to 5% guaranteed rate of return, if any. Some life insurance does not guarantee any return at all, and could even lose value.Mark probably doesn't know or understand this, just as he doesn't know why his two other points are also wrong.
Posted: Sat Mar 30, 2013 05:37 pm Post Subject:
Max, wow. Since when does life insurance have a guaranteed positive rate of return? When you find one of these policies that guarantee a 5% return, please let me know so that I can take a HELOC and invest and take my money from checking, savings, etc. You are the last person who I would expect to use that kind of terminology with life insurance.
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