2007-01-21 20:12:03 · 9 answers · asked by james w 3 in Business & Finance ➔ Insurance
I mean insurance compaines are out there to make $, and if they did not make $, then they would be out of business, so odds are you will be wasting your money.
2007-01-21 20:16:28 · update #1
Good question,I thought about it before too. About the money part, here's an example, we spend money on fast food too and we know that people who make fast food just want money too but think about it. What would the world be without fast food? It's the same for insurance,all of us are gonna die but we want to have a more secure life too right?
2007-01-21 20:20:13 · answer #1 · answered by FloralLover 6 · 0⤊ 0⤋
Yes, life insurance is a bet, and insurance companies are bookies. And the odds are slightly against you.
*I* have life insurance, because I want my children to be able to go to college if I die and can't work to pay their tuition.
Before you EVER buy life insurance, you have to decide WHAT YOU WANT IT TO DO FOR YOU. Then you buy the product that meets your goal.
Never buy something just for the sake of buying it - it should ALWAYS meet a goal. And when you don't have that need any more - re-evaluate if you should still have it, or if you should cancel it.
2007-01-22 09:27:15 · answer #2 · answered by Anonymous 7 · 1⤊ 0⤋
I believe you are still young. Maybe below 20 years old. You do not know the actual benefits of a life insurance. Go research more about the benefits of insurance. It can be a investment or a protection of individual or closed ones. Is not the question whether you gonna die anyways, are you going to die without any worries for your loved ones.
2007-01-22 04:27:10 · answer #3 · answered by Dang 3 · 0⤊ 1⤋
well James, my man
the idea of life insurance is not to insure that you continue to live !! Actually when you get life insurance YOU are betting with the insurance company that you ARE going to die (at which time they pay off---to someone else of course) and THEY are betting that you WON'T die (in which case you'll continue to pay them)---Now, I do agree that this seems more than a little odd to say the least that SO many people are into a gamble from month to month with a company and there's absolutely no way in hell that those people can PERSONALLY benefit out of the winnings if they do " win" --- that is of course not looking at the fact that most people get insurance of this type to secure their "loved ones" in the case of their death !!!
2007-01-22 04:22:20 · answer #4 · answered by Anonymous · 1⤊ 0⤋
If you have a spouse or family, it is so they continue to receive an income after you die. It is really to protect your loved ones. For the pros and cons about life insurance, you could check out this site. http://insurance.divinfo.com/
2007-01-22 11:02:50 · answer #5 · answered by Reenie 3 · 1⤊ 0⤋
After death no one needs money.But,what about the dependents you leave behind?If you think your spouse & children to live a decent life even if you are not around,get insurance &protect your income.If you are not worried about them/their future,then don't waste money.Let them go to hell.who cares?
2007-01-22 13:29:42 · answer #6 · answered by suneethprasanna 1 · 0⤊ 0⤋
It can be used to pay for your Cryonic suspension
pay off Debts
Leave some for loved ones and dependants etc
2007-01-22 04:26:58 · answer #7 · answered by maka 4 · 0⤊ 0⤋
Life insurance is not for YOU-- you're dead, so what do you care. Is that your thinking? No, no. Life insurance is to take care of your burial, debts, and survivors (spouse and kids).
2007-01-22 04:20:27 · answer #8 · answered by Cookie Preston 5 · 4⤊ 0⤋
the point is not to leave your loved ones with a world of dept with a world of sorrow
but if you love no one don't get insurance
2007-01-22 04:16:15 · answer #9 · answered by DEWEY 2 · 1⤊ 0⤋