Why people buy life insurance ?

by Xoseph » Wed Aug 06, 2008 11:51 am
Posts: 128
Joined: 30 Jul 2008

Hi folks,

People buy life insurance for a variety of reasons.

For the fun of it, let's compile 100 reasons why people buy life insurance.

To start with, the first reason is to provide an income replacement fund for the loved ones.

Anyone else like to try?

Total Comments: 42

Posted: Fri Apr 24, 2009 11:46 am Post Subject:

I think people buy life insurance depends on individual considerations and necessities. Life is very uncertain,unpredictable and know one knows what will happen in future.So the prime reason is to protect the policy holder and his family even after the person is no more.
I have heard about the insurance product for mentally disabled persons.It is specially design for autism,mental retardation and multiple disability.I think its a great step and family members of mentally challenged person reduce financial burden to some extent.

Posted: Fri Apr 24, 2009 02:03 pm Post Subject:

Dear article..

Welcome to the community!

There's been enough of physical disability at our forums..you've really picked up another interesting topic. It would certainly reduce the cost burden.

By 'multiple disability' are you referring to both mental and physical disability at once??

Steven

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