Of how much importance is life insurance is important for the well-to-do people?
Total Comments: 6
Posted: Sat Jan 26, 2008 01:56 pm Post Subject:
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.
Posted: Tue Jan 29, 2008 05:14 am Post Subject: life insurance
Hey! Samuel
Why don't you refer to this article in this case? http://www.ampminsure.org/lifeinsurance-rich.html
Posted: Thu Jan 31, 2008 12:12 pm Post Subject:
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. :D
Posted: Tue Apr 01, 2008 05:49 pm Post Subject:
Go into the Life Insurance Guide and read my article entitled:
"WHY DO AFFLUENT INDIVIDUALS HAVE LIFE INSURANCE?"
I hope it helps
Mark
Posted: Wed Apr 02, 2008 11:05 am Post Subject:
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.
Posted: Sun Mar 29, 2009 05:05 am Post Subject:
well, even rich people can get drained if they get hospitalised frequently. insurance is rather important for everybody.
Posted: Sat Jan 26, 2008 01:56 pm Post Subject:
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.
Posted: Tue Jan 29, 2008 05:14 am Post Subject: life insurance
Hey! Samuel
Why don't you refer to this article in this case? http://www.ampminsure.org/lifeinsurance-rich.html
Posted: Thu Jan 31, 2008 12:12 pm Post Subject:
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. :D
Posted: Tue Apr 01, 2008 05:49 pm Post Subject:
Go into the Life Insurance Guide and read my article entitled:
"WHY DO AFFLUENT INDIVIDUALS HAVE LIFE INSURANCE?"
I hope it helps
Mark
Posted: Wed Apr 02, 2008 11:05 am Post Subject:
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.
Posted: Sun Mar 29, 2009 05:05 am Post Subject:
well, even rich people can get drained if they get hospitalised frequently. insurance is rather important for everybody.
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