Life insurance may not be of a financial neccesity as much for well-to-do people as it is for the average person.
However, the well-to-do still use life insurance for a number of reasons, including:
1. To provide funds to go toward a charital organization.
2. To provide money to fund a Buy-Sell Agreement in order for their heirs to have money that would be used to buy out any partner(s) in a business.
3. To provide additional monies to pay for the estate taxes.
4. Or, to leave money to family and friends. _________________ Visit http://www.term-life-online.com to learn how term life insurance works and compare free quotes today.
Well to do or not, if I were I would want to make sure that my property and money was going where I wanted it to go.
If you are referring to burial, I am sure the money is there to take care of it.
Medical expenses can drain an account, especially if it a terminal illness.
I think a will would need to be put in place, but I think life insurance is important for all people, not just the less well off.
Go into the Life Insurance Guide and read my article entitled:
"WHY DO AFFLUENT INDIVIDUALS HAVE LIFE INSURANCE?"
I hope it helps
Mark _________________ Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
Great article, I encourage you to go read it, there are also threads here that relate to the very subject, I know we had quite the discussion here at one point.
