Why you buy life insurance?

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PostPosted: Sat May 05, 2007 4:12 pm   Post subject: Why you buy life insurance?  

Lets play another game " Why you buy life insurance? "

I am adding one point.

1. life insurance policy can replace the income lost to your family upon your death.


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PostPosted: Mon May 07, 2007 1:46 am   Post subject: Importance of Life Insurance  

Life insurance is good. Everybody not only should but must take insurance whether life or non-life. It is because it will create a secured life, bright and happly future of all members of the family especially, the owner and/or the insured. If the insured could outlived his protection period and reached the policy maturity he too shall reap the seed/s of insurance that he/she has sown. If not able to outlive, he would be leaving a footprint in the hearts and minds of his/her loved; that is why, he would live forever in their hearts and minds of his/her loved ones. Aaaaaah! He/she becomes immortalized in the hearts of his/her family members; and, what he/she did is worth to note and happy to remember.

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PostPosted: Tue May 08, 2007 5:50 am   Post subject:   

Life insurance replaces your income at the event of your premature death.

But there are some other benefits too. Some life insurance products can also be used as a source of retirement income, funding child's education or meeting emergency financial needs. They are also good as investment tool.

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PostPosted: Wed May 09, 2007 5:51 am   Post subject: Why buy life insurance?  

Over all life insurance is bought for financial protection. For someone single, may be a life insurance is not required but as soon as your responsibilities increase, lifetime security in needed. You can buy life insurance to pay off debts and expenses as well. You can also leave money for charity and cover estate expenses.

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PostPosted: Thu May 10, 2007 3:21 am   Post subject:   

1 Mortgage Protection

2. College Funding

3. Estate Preservation

4. Final Expenses

5. Spouse/Children protection

6. Immediate Emergency Fund

7. Income Protection

8.Key Employee Protection

9. Buy/Sell Agreements

10. Business Preservation

There are just 10 for ya!


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PostPosted: Sat Jun 30, 2007 9:51 am   Post subject:   

When you are young there is no matter to buy life insurance exept mortage protection. Usually real estate companies make you do this.

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PostPosted: Mon Jul 30, 2007 1:05 pm   Post subject:   

Mortgage protection is definitely one of the greatest benefits of a life insurance; but you can also get a nice retirement if you're lucky, and don't plan to have a family.

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