2007-06-23 17:45:08 · 12 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
i say yes bu this is weird a friend of mine got it for her son and a month later he died i think thats eerie
2007-06-23 17:47:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No, you are sure to die one day or another. Whatever happends, life insurance offers one of the best income relative to your investment, only thing is that you will not be the one who enjoy the cash returns.
It is a good idea to buy permanent life insurance to cover the cost of your death. For example, you can buy 100 000$ permanent life insurance for a total cost of around 12 000$, paid over years, depending on your age and health when you buy it. So the investment is worth it.
Also, the life insurance will cover the taxes cost of liquidating your belongings when you die, so that your beneficiary receives more of what you have earned thru your life.
Those advice are of course for people who beleive in inheritance.
There is no right or wrong point of view, personally, I want to enjoy the result of my hard work thru life, so I expect that my kids will have a small inheritance. But I will cover the cost of my death and not leave that burden upon my kids, and also at the same time, try to cover some of the taxes.
Another part of life insurance, is the temporary one, to cover a temporary needs, Example : You do not want to leave your wife or husband in financial needs if something happends to you while kids are still living home. So you would want a life insurance for let's say, 20 years. Temporary insurance cost a LOT LESS and is more affordable to families, and allows you to get covered for big ammount like 500 000$ for a very low monthly paiement. Only thing is that after 20 years, you have nothing left.
2007-06-24 01:00:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
All insurance is a gamble - and usually the house wins.
2007-06-24 00:47:22 · answer #3 · answered by wigginsray 7 · 0⤊ 0⤋
if you buy the kind of insurance that you cant cash in while u r alive, yes thats a gamble. i think thats called term life and you pay monthly and if you stop paying, you paid for nothing because you get nothing back. if you get the other kind, think its called whole life, if you decide to cash it in before you die you get something. either tho, if you continue to pay, your beneficiaries will get something...provided it doesnt all go to paying off all your bills (i think). so if you have more debt than you have insurance for, your creditors will get it. i could be wrong tho but i think thats the way it works
2007-06-24 00:54:33 · answer #4 · answered by AlwaysWondering 5 · 0⤊ 0⤋
Life insurance is a sort of plan, you pay an amount of money every week or month for a particular person then when they pass away you recieve that money.
2007-06-24 00:48:19 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Isn't all insurance a gamble?
2007-06-24 00:47:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Death itself is something that's uncertain.
That makes insurance dicing with the uncertain. It is a gamble
2007-06-24 00:50:19 · answer #7 · answered by Hornet One 7 · 0⤊ 0⤋
no its insurance you pay money so that if you should die friends or family will have money to cover you funeral and left over expenses
2007-06-24 00:48:51 · answer #8 · answered by Evil D 4 · 0⤊ 0⤋
To some people, yes.
2007-06-24 00:47:25 · answer #9 · answered by Roxas of Organization 13 7 · 0⤊ 0⤋
No. Its security for your beneficiaries.
2007-06-24 00:55:03 · answer #10 · answered by Meeya 7 · 0⤊ 0⤋